Mac Charles (India) Bonus Issue
Mac Charles (India) was locked at 5% upper limit at Rs 261.45 at 12:05 IST on BSE, after the company said its board will consider issue of bonus shares on 28 July 2011 along with Q1 June 2011 results.
The stock opened with an upward gap, surging by the maximum 5% daily circuit and remained locked at the 5% level so far in the day. The stock had hit a 52-week high of Rs 318.55 on 9 September 2010 and a 52-week low of Rs 201.55 on 7 February 2011.
The small-cap stock had outperformed the market over the past one month till 25 July 2011, rising 3.77% compared with the Sensex’s return of 3.46%. The scrip had also outperformed the market in past one quarter, gaining 10.49% as against 3.64% decline in the Sensex.
The company has an equity capital of Rs 6.55 crore. Face value per share is Rs 10.
Mac Charles (India)’s net profit jumped 226.7% to Rs 15.91 crore on 122.8% surge in net sales to Rs 33.36 crore in Q4 March 2011 over Q4 March 2010.
Mac Charles (India) operates the hotel Le Meridien, Bangalore.
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