Sundaram Finance Bonus Issue 1:1
Sundaram Finance spurted 6.90% to Rs 620 at 15:04 IST on BSE after the company’s board recommended a 1:1 bonus issue. The company made this announcement during trading hours today, 27 May 2008.
The stock hit a high of Rs 668.95 and a low of Rs 522.05 so far during the day. The stock had a 52-week high of Rs 914.80 on 3 January 2008 and the stock hit a 52-week low of Rs 407.10 on 11 June 2007.
The mid-cap company had outperformed the market over the past one month till 26 May 2008, declining 0.96% compared to the Sensex’s decline of 4.54%. It had underperformed the market in the past one quarter, declining 13.33% compared to Sensex’s decline of 8.19%. The company’s current equity is Rs 27.78 crore. Face value per share is Rs 10.
Sundaram Finance is engaged in providing financial services. The activities of the group span savings products like deposits and mutual funds, car and commercial vehicle finance, insurance, home loans, software solutions, business process outsourcing, tyre finance, fleet cards and logistics services.
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