Rainbow Papers Board recommends 16% dividend

Rainbow Papers Ltd has announced that the Board of Directors of the Company at its meeting held on July 14, 2007, inter alia, has recommended Dividend @ 16% on Equity Shares subject to approval in Annual General Meeting.

The stock was trading at Rs.109.70, up by Rs.2.05 or 1.90%. The stock hit an intraday high of Rs.109.70 and low of Rs.106. The total traded quantity was 101 compared to 2 week average of 7025.

Source : Equity Bulls

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