Beardsell remains in the UC

Beardsell, which had breached the 5% UC yesterday at Rs.419.25, opened today also 5% up, hitting the UC at Rs.440.20. Some 940 shares changed hands immediately on the opening bell.

The company had a Board meeting yesterday and t announced a stock split as well as bonus.

The company said, Board has approved , “ sub-division of nominal value of each Equity Share of Rs. 10/-  each into 5 Equity Shares of Rs.2/ and issue of Bonus Shares in the ratio of 1 (one) Equity share of Rs.2/- each for every 5 (five) existing equity shares of Rs.2/-each ( Post Stock Split).” Both stock split as well as bonus are in the ratio of 1:5.

This is a multi-division company engaged in making pre-fabricated structures for cold stoerages, site offices, affordable homes, modular housing, roof-top structures; it provides turnkey solutions for clean room erection for pharma, electronics, food processing and other sectors. Apart from packaging, it also provides custom solutions to the defence sector including high altitude shelters and Polyurethane foam for specialty applications.