Ratnamani Metals & Tubes Ltd has announced that the Board of Directors of the Company at its meeting held on June 19, 2008, inter alia, has recommended a dividend of Rs 7/- (70%) per Equity Share of Rs 10/- each subject to the approval of shareholders in Annual General Meeting.
The Board of Director has also recommended, subject to the approval of the shareholders, to sub-divide the equity shares of face value of Rs 10/- (Rupees Ten) each into 5 equity shares of face value of Rs 2/- each with effect from the Record Date to be determined hereafter.
The stock was trading at Rs.830, down by Rs.68.30 or 7.60%. The stock hit an intraday high of Rs.909 and low of Rs.822.10.
The total traded quantity was 3673 compared to 2 week average of 2403.
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Union Budget