ISMT Board recommends Dividend of Rs 1

ISMT Ltd has announced that the Board of Directors of the Company at its meeting held on September 28, 2010, inter alia, has recommended a dividend of Rs. 1/- per equity share for the financial year ended March 31, 2010, subject to approval of the members at the ensuing Annual General Meeting.

The commercial production of the expanded steel making capacity has commenced with effect from September 27, 2010.

The stock was trading at Rs.50.45, down by Rs.0.95 or 1.85%. The stock hit an intraday high of Rs.51.95 and low of Rs.50.30.

The total traded quantity was 0.35 lakhs compared to 2 week average of 0.52 lakhs.

Source : Equity Bulls

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