Shree Nath Commercial to allot 50 lakh shares

Shree Nath Commercial & Finance Ltd has announced that the Board of Directors of the Company at its meeting held on December 09, 2009, has approved to allot 50,00,000 equity shares on preferential basis to Promoter and Non promoter Applicants as per the list placed before the meeting.

The stock closed the day at Rs.19.65, up by Rs.0.35 or 1.81%. The stock hit an intraday high of Rs.19.65 and low of Rs.19.65.

The total traded quantity was 5 compared to 2 week average of 6.

Source : Equity Bulls

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