Eastern Silk setting record date for stock split

Eastern Silk Industries spurted 6.67% to Rs 107.90 at 15:25 IST on BSE on setting record date for a 5-for-1 stock split.

The stock hit a high of Rs 107.95 low of Rs 99.25 so far during the day. The stock had a 52-week high of Rs 350 on 24 July 2007 and a 52-week low of Rs 93 on 10 June 2008.

The company has an equity capital of Rs 15.79 crore. Face value per share is Rs 10.

Eastern Silk Industries (ESI) has fixed 7 July 2008 as the record date for a 5-for-1 stock split. The company announced the record date after trading hours on Friday, 20 June 2008.

Eastern Silk Industries (ESI) reported a net loss of Rs 15.64 crore in Q4 March 2008 as compared to net profit of Rs 15.46 crore in Q4 March 2007. Net sales fell 67.5% to Rs 31.34 crore in Q4 March 2008 over Q4 March 2007.

The company is engaged in manufacturing silk yarn, fabrics and made-ups, home furnishings, fashion fabrics, handloom fabrics, double width fabrics, scarves, laces and belts and embroidered fabrics. The plants are located in Karnataka and West Bengal.