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Biocon board to consider bonus issue today; shares jump nearly 10%

Biocon's stock zoomed 9.57 per cent to touch its one-year high of Rs 1,168 on BSE

Press Trust of India  |  New Delhi 

Biocon
Biocon

The scrip of biotechnology firm on Tuesday surged nearly 10 per cent as the company plans to consider 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

On NSE, it soared 9.68 per cent to Rs 1,168.80 -- its 52-week high.

On the volume front, 2.47 lakh of the company were traded on and over 24 lakh changed hands at during the early trade.

In a filing to on Monday, the company said, "We wish to inform you that consideration and recommendation to issue forms part of the agenda of the meeting of Board of Directors of the company scheduled on Thursday, April 27, 2017."

First Published: Tue, April 25 2017. 13:47 IST
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