Shares of SC Agrotech Limited rallied nearly 5% to touch their 52-week high during Thursday’s intraday trading session. The sharp uptick in the stock reflected investors’ enthusiasm as the company dropped a crucial update, delivering triple delight ahead of Diwali.
The firm announced update for its upcoming board meeting, scheduled to consider bonus issues, stock split and potential dividend announcement.
SC Agrotech share price was trading 4.98% higher during Thursday’s intraday trading session. Its share price value has surged nearly 174% in one year.
The company’s board of directors meeting is scheduled to be held on Friday, November 13. The meeting will be closely tracked by investors with strong interest in corporate actions, as it will consider dividend, stock split and bonus issue related developments for the company.
In addition to the three corporate actions, the board may also consider any “increase in authorised share capital, consequential amendments to the Memorandum and/or Articles of Association, and the convening of shareholders' approval processes.”