Hikal zooms on stock split

Hikal Ltd is in the green today morning. The stock opened at Rs.720, up from yesterday’s close of Rs.703 and went on to an intra day high at Rs.751.30. It is now at Rs.745, up 6% with good volumes. Its 52-week high is at Rs.784.40.

The company yesterday announced after market hours that its Board of Directors will be meeting on December 17, 2014, to consider and discuss on sub division of equity shares of the Company. Currently its face value is at Rs.10/share.

A part of the Kalyani group, the company partners with companies in the Pharmaceuticals, Biotech, Agrochemicals and Specialty Chemicals industries. It has two segments – pharmaceuticals and crop protection. It ended Q2FY15 with a net sales at Rs.243 crore, up 20% (YoY), with EBITDA at Rs.54 crore, down 6% while net profit rose 8% at Rs.15 crore