/ Sicagen India Recommends Dividend Of 60 Paise Per Share Stock Surges Above 17% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 18 May 2017

Sicagen India surged above 17% in Thursday’s trading session on BSE. It is trading at Rs 44.55 per share, up by 13.6% at 10:48 hours IST.

The stock also witnessed a spurt in the volume by more than 1.36 times. It hit a high of Rs 46.35 and a low of Rs 42.20 so far.

The company on Wednesday reported a consolidated net profit of Rs 6.04 crore for the quarter ended March 31, 2017, an increase of 120.44%, as against Rs 2.74 crores for the same quarter in the previous year, as per BSE filing.

The board of directors of the company at its meeting held on May 17, 2017, has recommended equity dividend at 6% (60 paise per share) for the financial year 2016-17, subject to the approval of shareholders, as per BSE filing.

Sicagen India Limited is engaged in trading of building materials, such as steel pipes and fittings, construction and structural steel, stainless steel sheets, pipes and fittings, cables and cement.

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