The Board of Directors of Kinetic Engineering Limited has passed resolution for preferential allotment to promoter. The Board allotted 8,79,310 Equity Shares on preferential basis to promoter company - Micro Age lnstruments Private Ltd at Rs. 116/- per Equity Share (including Rs.106/- as premium).
Shares of KINETIC ENGINEERING LTD. was last trading in BSE at Rs. 112.60 as compared to the previous close of Rs. 110.55. The total number of shares traded during the day was 6006 in over 172 trades.
The stock hit an intraday high of Rs. 112.80 and intraday low of 110.00. The net turnover during the day was Rs. 667299.00.