Steel stock prices rose 2 percent intraday on April 18 because the company planned its equity stock sub-division.
Steel Board Board Meeting will be held on May 3 to consider the stock sub-division and record the consolidated financial statements and unaudited results that are audited and unaudited for the quarter ended March 31, 2022, according to the release press issued by the company.
The board will also recommend dividends, if any, for the financial year ending March 31, 2022, that day.
The company plans its equity stock sub-division which has a nominal value of each RS 10, in such a way that it can be determined by the Board of Directors, subject to the approval of regulations / laws such as the necessary and the approval of shareholders from the Company’s shareholders, the statement said.
At 9:40 a.m., Tata Steel quoted at Rs 1,339.60, up to Rs 20.35, or 1.54 percent, at BSE.
This section touched 52 weeks from Rs 1,534.60 and 52 weeks low of RS 854.90 on August 16, 2021 and 19 April 2021. At present, trading 12.71 percent below the highest 52 weeks and 56.7 percent above the level 52 weeks lowest.
More Stories
First UK deportation flight to Rwanda could take off in June, court papers suggest
UK Health Security Agency’s financial controls remain unacceptably weak
A lesson from Germany on how Britain should treat asylum seekers