South India Paper Board recommends 30% dividend

South India Paper Mills Ltd has announced that the Board of Directors of the Company at its meeting held on May 31, 2007, inter alia, has recommended Dividend @ 30% for the year 2006-07 (Last year 25%).

The stock closed the day at Rs.59, up by Rs.2.95 or 5.26%. The stock hit an intraday high of Rs.59.25 and low of Rs.56.25. The total traded quantity was 10745 compared to 2 week average of 3192.

Source : Equity Bulls

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