Kirloskar Pneumatic up 8 per cent as board considers stock split

Kirloskar Pneumatic rose by 8 per cent on Monday after the company announced that its board is considering a stock split.

The company has informed the exchanges that they will hold a board meeting on July 24, 2018 to discuss the financial results of the quarter ended on June 30, 2018 and consider the sub-division of equity shares of the company of face value Rs. 10.

The stock on Monday has recorded its intraday high at Rs. 999.80 per share on the BSE and an intraday low at Rs. 926 per share. Its 52-week high stands at Rs. 1,190 and the 52-week low at Rs. 724 per share on the BSE.

At 12:58 IST, the share of Kirloskar Pneumatic was trading at Rs.953.35, up by 3.28 per cent. The BSE Sensex was trading at 35,888.71 level, up by 0.64 per cent and Nifty50 at 10,838.80 level, up by 0.61 per cent.