Maruti Udyog Board recommends final dividend of 90%

Maruti Udyog Ltd has announced that the Board of Directors of the Company at its meeting held on April 24, 2007, inter alia, has recommended a final dividend of 90% i.e. Rs 4.50 per share (Nominal Value of Rs 5.00 per share) for the financial year 2006-07 (Fiscal: 2005-06: 70%).

The stock was trading at Rs.781, up by Rs.13.60 or 1.77%. The stock hit an intraday high of Rs.811 and low of Rs.757. The total traded quantity was 603911 compared to 2 week average of 161081.

Source : Equity Bulls

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