Share of Techno Electric & Engineering Company gained 10 percent intraday Tuesday as it is going to consider bonus share issue. The meeting of board of directors of the company will be held on July 14, 2016, to consider issue of bonus shares.
Systematix research has recommended buy rating on the stock with a target price of Rs 692 (previous Rs 640) in its research report dated June 02, 2016 In the quarter ended March 2016 the company's net profit had increased by 25 percent to Rs 28.38 crore against Rs 22.69 crore, in the same quarter last fiscal. At 09:27 hrs Techno Electric and Engineering Company was quoting at Rs 615.70, up Rs 38.25, or 6.62 percent.
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Systematix research has recommended buy rating on the stock with a target price of Rs 692 (previous Rs 640) in its research report dated June 02, 2016 In the quarter ended March 2016 the company's net profit had increased by 25 percent to Rs 28.38 crore against Rs 22.69 crore, in the same quarter last fiscal. At 09:27 hrs Techno Electric and Engineering Company was quoting at Rs 615.70, up Rs 38.25, or 6.62 percent.
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