Four stocks to turn ex-date for share split on Thursday

Stocks of four companies – Natco Pharma, Avanti Feeds, Associated Stone Industries - Share Price (Kotah) and Vitan Agro Industries – will turn ex-date for stock split, Rander Corporation will turn ex- consolidation of shares on Thursday, November 26, 2015.

Natco Pharma and Avanti Feeds boards had approved sub-division of equity shares in the ratio of 1:5 i.e. the sub-division of equity shares of their companies from the one share of Rs 10 each into five equity shares of Rs 2 each.

Associated Stone Industries (Kotah) approved the stock-split of equity shares from Rs 5 each to Re 1 each, and of Vitan Agro Industries from Rs 10 to Rs 1.

Thus far in 2015, Vitan Agro Industries has zoomed 384% from Rs 38.35 to Rs 184 on the BSE till yesterday.

Associated Stone Industries (up 75% from Rs 44.95 to Rs 78.45), Natco Pharma (up 70% from Rs 1,530 to Rs 2,596) and Avanti Feeds (67% from Rs 1,583 to Rs 2,643) have rallied more than 60% as compared to 6% decline in the S&P BSE Sensex during the period.

Meanwhile, Rander Corporation has tanked 90% from Rs 13.50 to Rs 1.38 so far in the current calendar year.

Stock markets will closed on November 25, 2015 on account of Gurunanak Jayanti.

ASSOCIATED STONE INDUSTRIES (KOTAH) LTD - SHARE PRICE

Promoted by the Jatias of Rajasthan, Associated Stone Industries - Share Price (ASIL) is involved in mining and polishing Kotah stone, which is found only in Kotah district, Rajasthan. ASIL, one of the oldest units in this segment, commenced operations in 1945.

The company has an enviable record of dividends, sustained consistently since 1945-46, its first year of operations. The bonus record, too, has been excellent. Located at Ramganjmandi near Kotah city in Rajasthan, ASIL can lay claim to 10 sq km of leased mines, consisting of seven plots. Of these seven mines, only one is fully mechanised. The company implemented a Rs 15-cr mechanisation project, financed by term loans and internal accruals.

ASIL commissioned its on-line processing and polishing unit at Silvassa without any slippage or cost overrun. It diversified into marble products and is carrying out a geological survey at Kakroli near Udaipur and had set up a plant there. In Apr.'95, Prerna Syntex (PSL), a 100% EOU, was amalgamated with the company, to enable it to diversify into textiles.

During 1997-98, Prerna Syntex Plant, 100% EoU located at Neemrana has succesfully installed the capacity of 24960 Spindles to produce 4673 tonnes of Cotton combed hoisery yarn per annum, it has commenced its production from 15th Jan.'97. During the financial year 1999-2000, the company received the approval of Government of India for NRI investment by way of equity shares.

The company is planning to import Quantum Clearer machines during the current year 2001-2002. To reduce the cost of production the company is planning to import furnace oil based captive power plant. By importing these machines Production of Contamination free yarn will become possible.

Article Source: Associated Stone Industries