Jindal Saw Shines on Fixing Record Date for Stock Split
Jindal Saw gained 2.43% to Rs 894.90, after the company fixed 11 December 2009 as the record date for a 5-for-1 stock split.
The stock had hit a high of Rs 899.50 and a low of Rs 890 so far during the day. The stock had hit a 52-week high of Rs 915 on 24 November 2009 and a 52-week low of Rs 135 on 9 March 2009.
Jindal Saw manufactures and markets submerged arc welded (SAW) pipes. The company’s products include large diameter submerged arc welded pipes and spiral pipes and bends which are used in the energy sector for transportation of oil and gas, carbon, alloy. Its plants are located at Maharashtra, Uttar Pradesh and Gujarat. The group operates in India and United States.
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