India, Oct. 12 -- The Hyderabad-based engineering services company has completed a corporate action that doubles the number of shares held by its investors, without any fresh money coming in. The move follows a board recommendation in August and shareholder approval in September, and comes after a quarter in which profit reached a record level. With U.S. civil work orders rising and acquisition under discussion, management is signalling confidence. Here is what the allotment means for shareholders and for the company's next phase.

Shares of Mold-Tek Technologies Ltd are trading at Rs. 115.00, up 4.34 percent on Monday. The stock touched the intraday high of Rs. 115.00 after opening at Rs. 112.49 before slipping to a low of Rs. 110.22. Th...