Engineers India shares surge over 6% as board to mull interim dividend

Mar 11 2014, 20:32 IST
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SummaryShares of Engineers India Ltd today soared over 6 per cent after the company scheduled a meeting of the Board of Directors.

Shares of Engineers India Ltd today soared over 6 per cent after the company scheduled a meeting of the Board of Directors on March 15, 2014, to consider declaration of interim dividend for the financial year ending March 31.

EIL's shares ended the day 6.36 per cent higher at Rs 177.35 on the BSE after earlier hitting an intra-day high of Rs 179.40, exhibiting a gain of 7.58 per cent.

On the NSE, the stock surged 6.37 per cent to close at Rs 177.90.

In a post market announcement to the BSE yesterday, the company said, "The Board of Directors will meet on March 15, 2014, inter alia, to consider declaration of interim dividend on the equity shares for the financial year 2013-14."

In a separate announcement, Engineers India said the record date for interim dividend 2013-14 would be March 21, 2014, if Board declares the interim dividend.

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