India Motor Board recommends 20% final dividend

India Motor Parts & Accessories Ltd has announced that the Board of Directors of the Company at its meeting held on July 16, 2007, inter alia, has recommended a final dividend of 20% for the financial year 2006-07 on the share capital of Rs 415.98 lakhs. This is in addition to the interim dividend of 70% already declared and paid during March 2007. Thus the total dividend for the year is 90%.

The stock closed the day at Rs.198.50, up by Rs.11.15 or 5.95%. The total traded quantity was 694 compared to 2 week average of 305. The stock hit an intraday high of Rs.199.95 and low of Rs.191.

Source : Equity Bulls

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