Hyderabad Industries Board recommends 50% dividend

Hyderabad Industries Ltd has announced that the Board of Directors of the Company at its meeting held on April 27, 2007, inter alia, has recommended dividend @ Rs 5.00 per equity share of Rs 10/- each (i.e. 50%) for the financial year ending March 31, 2007 for consideration of shareholders at the ensuing Annual General Meeting.

The stock closed the day at Rs.208.30, down by Rs.13.70 or 6.17%. The total traded quantity was 62518 compared to 2 week average of 70440. The stock hit an intraday high of Rs.224.65 and intraday low of Rs.205.10.

Source : Equity Bulls

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