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Prakash Pipes Limited board recommends dividend of Rs. 1.20

Posted On: 2019-04-24 10:13:14

The board of directors of Prakash Pipes Limited (PPL) at its meeting held on 24th April, 2019 has recommended dividend @ Rs.1.20 (Rupees One and Twenty paisa) per equity share of Rs.10/- each, subject to approval of shareholders of PPL.

The shares of PPL are not listed yet, as the company was demerged from Prakash Industries recently.

The board has decided to close the Register of members from 24th day of September, 2019 to 30th day of September, 2019 (both days inclusive) for the purpose of payment of dividend and Annual General Meeting.

Shares of PRAKASH INDUSTRIES LTD. was last trading in BSE at Rs.78.7 as compared to the previous close of Rs. 88.45. The total number of shares traded during the day was 117802 in over 812 trades.

The stock hit an intraday high of Rs. 79.65 and intraday low of 74.7. The net turnover during the day was Rs. 9132094.


Source: Equity Bulls

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