Eimco Elecon Board recommends 35% dividend

Eimco Elecon India Ltd has announced that the Board of Directors of the Company at its meeting held on May 11, 2007, inter alia, has recommended a dividend of 35% for the financial year 2006-07.

The stock was trading at Rs.283, up by Rs.2.95 or 1.05%. The stock hit an intraday high of Rs.283 and low of Rs.282. The total traded quantity was 454 compared to 2 week average of 269.

Source : Equity Bulls

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