The scrip of biotechnology firm Biocon
on Tuesday surged nearly 10 per cent as the company plans to consider bonus shares
at its board meeting on Thursday.
The company's stock zoomed 9.57 per cent to touch its one-year high of Rs 1,168 on BSE.
On NSE, it soared 9.68 per cent to Rs 1,168.80 -- its 52-week high.
On the volume front, 2.47 lakh shares
of the company were traded on BSE
and over 24 lakh shares
changed hands at NSE
during the early trade.
In a filing to BSE
on Monday, the company said, "We wish to inform you that consideration and recommendation to issue bonus shares
forms part of the agenda of the meeting of Board of Directors of the company scheduled on Thursday, April 27, 2017."