Moser Baer allotts shares under DSOP
Moser Baer allotts shares under DSOP Moser Baer India announced that one director of the company has exercised 25,000 >stock options and 12,500 bonus options, convertible into equal number of equity shares on Sep. 18, 2007. The company reported a substantial jump in net profit for the quarter ended June 2007. During the quarter, the company witnessed a 48.98% rise in profit to Rs 96.42 million from Rs 64.72 million in the same quarter last year. Net sales for the quarter rose 3.03% to Rs 4,682.90 million compared with the corresponding quarter a year ago. Shares of the company closed up Rs 5.20, or 1.72%, at Rs 307.75. The total volume of shares traded at the BSE was 162,596. (Wednesday)
