Thursday, July 17, 2008

Amrutanjan soars on special dividend

Amrutanjan jumped 4.06% at 381.85 after the company announced a special dividend of Rs 40 a share on account of a recent land sale for Rs 110 crore.
The dividend yield works out to 10.47%.
On BSE, 9040 shares were traded in the scrip. The stock hit a high of Rs 400 and a low of Rs 370.10 so far during the day.
The company today reported 39.21% decline in net profit to Rs 0.31 crore on 8.03% fall in sales to Rs 12.48 crore in Q1 June 2008 over Q1 June 2007.

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