Manali Petrochemical Ltd recommends 10% dividend

Manali Petrochemical Ltd has announced that the Board at its meeting held on April 27, 2007 has recommended a dividend @ 10% (Rupees 0.50 per Equity Share of Rs.5/- each) for the financial year 2006-07 from out of the profits earned during the year.

The stock closed the day at Rs.9.40, up by Rs.0.35 or 3.87% compared to its previous close of Rs.9.05. The stock hit an intraday high of Rs.9.70 and low of Rs.8.80. The total traded quantity was 301725 at an average price of Rs.9.28 resulting in a turnover of Rs.28 Lakhs.

Source : Equity Bulls

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