Hot Pursuit     13-Jul-10
Unichem Lab in the pink of health on stock-split plan
Unichem Laboratories advanced 2.30% to Rs 480 at 09:21 IST on BSE after the company scheduled a board meeting on 22 July 2010 to consider stock-split proposal.

The company made the announcement of the board meeting for stock-split after market hours on Monday, 12 July 2010.

Meanwhile, the BSE Sensex was down 26.40 points, or 0.15% to 17,910.80

On BSE, 4,406 shares were traded in the counter as against an average daily volume of 18,489 shares in the past one quarter.

The stock hit a high of Rs 488 and low of Rs 478.55 so far during the day. The stock had hit a record high of Rs 507.30 on 18 June 2010 and a 52-week low of Rs 188.80 on 13 July 2009.

The mid-cap stock had underperformed the market over the past one month till 12 July 2010, rising 0.98% as compared to the Sensex's 5.11% rise. However, it outperformed the market in the past one quarter, gaining 10.43% as compared to the Sensex's 0.47% rise.

The company's equity capital is Rs 18.02 crore. Face value per share is Rs 5.

Unichem Laboratories net profit rose 20.18% to Rs 33.88 crore on 18.41% increase in net sales to Rs 171.58 crore in Q4 March 2010 over Q4 March 2009.

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