Birla Kennametal Board to consider stock split

Birla Kennametal Ltd has announced that a meeting of the Board of Directors of the Company will be held on August 22, 2007, to consider and approve the Sub-Division of each of 1 existing Fully Paid-up Equity Shares of Rs 10/- each into 5 Fully Paid-up Equity Shares of Rs 2/- each subject to approval of members in the general meeting.

The stock closed the day at Rs.260.60, up by Rs.12.40 or 5%. The total traded quantity was 311 compared to 2 week average of 3744. The stock hit an intraday high of Rs.260.60 and low of Rs.260.60.

Source : Equity Bulls

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