Simmonds Marshall Stock Split
Simmonds Marshall was locked at 10% upper limit at Rs 121 on BSE, after the company said its board will meet on 10 February 2010 to consider a 5-for-1 stock split. The company announced the board meet during trading hours today, 4 February 2010. The stock hit a high of Rs 121 and a low of Rs 120 so far during the day. The stock hit a 52-week high of Rs 124 on 25 January 2010 and a 52-week low of Rs 20.55 on 24 March 2009. The company’s equity capital is Rs 2.10 crore. Face value per share is Rs 10.
Simmonds Marshall reported net profit of Rs 0.91 crore in Q3 December 2009 compared to net loss of Rs 0.61 crore in Q3 December 2008. Net sales soared 88.8% to Rs 11.76 crore in Q3 December 2009 over Q3 December 2008.
The company manufactures and markets nyloc self-locking nuts. Its products include cap castle & coupling nuts, cleveloc self-locking nut, cold forged automotive components, flange, cage & weld nuts, nyloc self-locking nuts, u-nuts & wheel nuts and bolts.
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