Magna Electro Board recommends 30% dividend

Magna Electro Castings Ltd has announced that the Board of Directors of the Company at its meeting held on May 31, 2007, inter alia, has recommended a dividend of 30% on the equity share capital of the Company.

The stock was trading at Rs.90.60, down by Rs.1.50 or 1.63%. The stock hit an intraday high of Rs.95 and low of Rs.90.40. The total traded quantity was 476 compared to 2 week average of 924.

Source : Equity Bulls

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