Hot Pursuit     03-Nov-10
Rossell Tea strikes record high on stock-split plan
Rossell Tea was locked at 5% upper limit at Rs 945.75 at 9:34 IST on BSE, after the company's board approved a 5-for-1 stock split.

The company announced the stock-split after market hours on Tuesday, 2 November 2010.

Meanwhile, the BSE Sensex was up 135.42 points, or 0.67% at 20,481.11.

On BSE, 2,203 shares were traded in the counter as against an average daily volume of 18,370 shares in the past one quarter.

The stock hit a high of Rs 945.75 so far during the day, which is a record high for the counter. The stock hit a low of Rs 930 so far during the day. The stock had hit a record ow of Rs 50 on 16 March 2010.

The small-cap stock had outperformed the market over the past one month till 2 November 2010, soaring 161.92% compared with the Sensex's 0.49% fall. It had also outperformed the market in past one quarter, spurting 234.54% as against 12.52% rise in the Sensex.

The company has an equity capital of Rs 7.34 crore. Face value per share is Rs 10.

Rossell Tea's net profit rose 15.2% to 11.38 crore on 4.6% increase in net sales to Rs 25.97 crore in Q2 September 2010 over Q2 September 2009. The company declared its results on 2 November 2010.

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