FAG Bearings India Ltd has announced that the Board of Directors of the Company at its meeting held on February 12, 2009, inter alia, has recommended a dividend for the year ended December 31, 2008 at the rate of Rs 4.50 (2007: Rs 4.00) per equity share.

The stock was trading at Rs.255.55, up by Rs.21.55 or 9.21%. The stock hit an intraday high of Rs.255.55 and low of Rs.226.25.

The total traded quantity was 974 compared to 2 week average of 300.

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