Precision Wires leaps on setting record date for stock split
Precision Wires India rose 6.69% to Rs 378.20 after the company set December 23, 2021 as the registration date for the 5-for-1 share split project.
Precision Wires India will divide each capital share with a par value of Rs 5 each into five Re 1 capital shares each fully paid.
Precision Wires India’s net profit jumped 49.7% to Rs 15 crore on an 80.24% increase in operating income to Rs 706.64 crore in the second quarter of September 2021 compared to the second quarter of September 2020.
Precision Wires India is the largest producer of winding wires in South Asia. It manufactures a wide range of products, including round and rectangular enamelled copper winding wires, continuous transposed conductors (CTC) and paper / mica / nomex insulated copper conductors (PICC), which are used worldwide. by the electrical / electronic industry.
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