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The announcement was made during market hours today, 21 March 2016 after the decision taken by the board of diectors in a meeting today, 21 March 2016.
Meanwhile, the S&P BSE Sensex was up 205.21 points or 0.8% at 25,152.02.
Higher than usual volumes were witnessed on the counter. On BSE, so far 2.21 lakh shares were traded in the counter as against average daily volume of 38,514 shares in the past one quarter. The stock hit a high of Rs 162 and a low of Rs 142.60 so far during the day. The stock had hit a 52-week high of Rs 241 on 24 June 2015. The stock had hit a 52-week low of Rs 127.25 on 29 February 2016. The stock had underperformed the market over the past one month till 18 March 2016, rising 0.45% compared with Sensex's 5.51% rise. The scrip had also underperformed the market in past one quarter, sliding 12.3% as against Sensex's 2.22% fall.
The mid-cap company has equity capital of Rs 47.82 crore. Face value per share is Rs 2.
Schneider Electric Infrastructure's net profit rose 493.9% to Rs 9.74 crore on 2.8% rise in net sales to Rs 485.05 crore in Q3 December 2015 over Q3 December 2014.
Schneider Electric Infrastructure was incorporated on 12 March 2011 in the state of Gujarat and is in the business of manufacturing products and systems for electricity distribution.
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