Kinetic Engineering to consider issue of shares on Mar 05, 2009

Kinetic Engineering Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 05, 2009, inter alia, to consider issue of equity shares to certain selected persons / entities on preferential basis, subject to compliance of SEBI (Disclosure & Investor Protection) Guidelines, 2000.

The stock was trading at Rs.42.80, up by Rs.1.90 or 4.65%. The stock hit an intraday high of Rs.42.80 and low of Rs.40.90.

The total traded quantity was 440 compared to 2 week average of 171.

Source : Equity Bulls

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