Sasken Communications is in the limelight today. The stock is currently up over 5% at Rs.187.70, close to its intra day high at Rs.188.30.

The stock is up today after the company announced yesterday that it has fixed January 25, 2014 as the Record Date for the purpose of payment of Special Dividend. Obviously the market is enthused with the prospect of this special dividend, there are now expectations of a very liberal payout.