Modern India Board recommends Rs.1.20 dividend

Modern India Ltd has announced that the Board of Directors of the Company at its meeting held on May 09, 2007, inter alia, has recommended dividend @ Rs 1.20 per share for the year ended March 31, 2007, for approval of members.

The stock was trading at Rs.128, up by Rs.2.80 or 2.24%. The stock hit an intraday high of Rs.129 and low of Rs.125. The total traded quantity was 450 compared to 2 week average of 564.

Source : Equity Bulls

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