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Wednesday, January 13, 2010
Atco Corporation hits Upper Circuit on Stock Split plan
Atco Corporation was locked at 5% upper circuit at Rs 356.85 on BSE, after the company said its board will meet on 19 January 2010 to consider stock-split. The company announced the board meet after market hours on Monday, 11 January 2010. The stock opened with an upward gap, surging by the maximum 5% daily circuit and remained locked at the 5% level so far in the day. The stock hit a lifetime high of Rs 389.95 on 20 November 2009 and a 52-week low of Rs 50 on 14 July 2009. The company is engaged in production and sale of bottled drinking water/mineral water. The company markets its bottled mineral water under ‘Brilliant’ brand.
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