Record Date – Orbit Corporation Bonus Issue
Orbit Corporation rose 1.28% to Rs 261 at 11:32 IST ahead of 30 June 2010 record date for a liberal 1:1 bonus issue. Orbit Corporation’s net profit surged 228.90% to Rs 19.37 crore on 85.90% increase in net sales to Rs 86.47 crore in Q4 March 2010 over Q4 March 2009. The mid-cap realty developer has an equity capital of Rs 54.98 crore. Face value per share is Rs 10.
Orbit Corporation was recommended as buy call here few weeks before.
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