Nitin Alloys board to allot shares on preferential basis
Nitin Alloys board to allot shares on preferential basis
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A meeting of the board of directors of Nitin Alloys (Q, N,C,F)* Global will be held Sep. 08, 2007 to issue and allot equity shares and convertible warrants on preferential basis. > Nitin Alloys Global announced a good increase in net profits for the quarter ended June 2007. During the quarter, the company saw a 20.10%, rise in profits to Rs 6.93 million from Rs 5.77 million in the corresponding quarter last year. Net sales for the quarter rose 64.61%, to Rs 82.55 million compared with the corresponding quarter, a year ago. Shares of the company gained Rs 4.55, or 4.95%, to settle at Rs 96.5. The total volume of shares traded was 600 at the BSE. (Thursday)
