Shilpi Cable, maker of specialty cables for telecom, power and auto sector, a small cap company has been hitting the upper circuit consistently since 16^th July, that too the moment it opens for trading. Today too, the stock, which had closed yesterday at the 5% upper circuit at Rs.52.55, opened at 55.15, its 5% upper circuit for today and a new high.

The company, yesterday after market hours announced that its Board would be meeting on 2^nd Aug’14 to consider a bonus issue to existing shareholders.

The company had ended FY14 with a consolidated net profit of Rs.28 crore v/s Rs.26 crore in FY13 on a total turnover of Rs.986 crore v/s Rs.655 crore. On an equity of Rs.49.32 crore, its reserves stood at Rs.289 crore. Promoter holding, as at 30^th June 2014 was at 34.04% and FIIs held 13.71%.