Kesar Terminals inches close to 52-week high
Kesar Terminals & Infrastructure is indeed on a roll! The stock price, in the early morning intra day hit Rs.533, tantalizingly close to its 52-week high of Rs.538.
Companies usually announce either a bonus or a stock split but this company is giving its shareholders both. On 24th June, its Board approved bonus shares in the ratio of one equity share for every 25 held. And it announced yesterday, after market hours, that its Board is meeting on 1st July to consider splitting the face value of its shares.
Kesar Terminals is in the business of tanking, warehousing, storage of liquid and logistics. The company has bulk liquid chemical terminals at Kandla, Gujarat , with a combined capacity of 127,000 Kilo Litres. The primary revenues of the company are through hire / rental income for providing liquid storage tanks and other related services.
The company had ended Q4Fy16 with a 66% jump in net profit at Rs.4 crore on a 4% rise in net sales at Rs.11 crore.