Stock Split: This company may split next week, announcement after market closes:

News Topical, Digital Desk : Companies are constantly announcing bonuses and splits to bring their shares within the reach of common people. Now another company is also in the queue to split its stock. Tourism Finance Corporation of India has informed after the market closed today that the company's board meeting is going to be held next week. In today's trading, the company's stock has seen a jump of more than 8 percent. In today's session, the stock reached its highest level of the year. The stock has registered a recovery of more than 100 percent from its year's low levels recorded in February.

What information has the company given?

In the information sent to the stock market, the company said that the company's board meeting is going to be held on Thursday, July 10. In this, the company will consider the proposal related to the split of the existing shares with a face value of Rs 10 and can take a decision on it. In the last trading session of the week, the stock closed at 262.55 with a gain of 8.5 percent on the BSE. During the session itself, the stock also reached the level of 264.2, which is the new highest level of the stock for the year. The lowest level of the stock for the year is 122. Which was recorded in February this year. That is, in less than 5 months, the stock has increased by more than 100 percent. At the same time, a growth of 50 percent has been seen in the stock in 3 months.

How were the quarterly results?

In the March quarter, the company's net sales increased by 18 percent to Rs 68 crore as compared to last year. At the same time, the quarterly profit has increased by 48 percent to cross Rs 30 crore. EBITDA grew 21 percent to Rs 61 crore.