EIL shares surge over 6% as board to mull interim dividend
Mar 11 2014 , Mumbai
EIL's shares ended the day 6.36 per cent higher at Rs 177.35 on the BSE after earlier hitting an intra-day high of Rs 179.40, exhibiting a gain of 7.58 per cent.
On the NSE, the stock surged 6.37 per cent to close at Rs 177.90.
In a post market announcement to the BSE yesterday, the company said, "The Board of Directors will meet on March 15, 2014, inter alia, to consider declaration of interim dividend on the equity shares for the financial year 2013-14."
In a separate announcement, Engineers India said the record date for interim dividend 2013-14 would be March 21, 2014, if Board declares the interim dividend.