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MOIL, Manpasand Beverages trade ex-bonus for 1:1; shares fall 3%

Since August 10, post bonus announcements, Manpasand Beverages (up 22%) and MOIL (up 18%) had outperformed the market by gaining more than 15% against a marginal 0.22% rise in Sensex.

SI Reporter  |  Mumbai 

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters

and were down 3% each on the BSE after the two stocks traded at their adjusted price of 1:1 shares.

At 10:40 AM; was trading at day’s lowest level of Rs 189, down 3% on BSE. too down 3% at Rs 464 after hitting low of Rs 463 in intra-day trade.

These companies have fixed Thursday, September 28, 2017 as the for identifying the shareholders who shall be eligible to receive shares.

The board of directors of and at their respective meetings held on August 10, 2017, had recommended to issues shares in the ratio of 1: 1; i.e. one equity share of Rs 10 each for every one fully paid up equity share held as on the

Since August 10, post announcements, (up 22%) and (up 18%) had outperformed the market by gaining more than 15% as compared to a marginal 0.22% rise in the S&P BSE Sensex till Tuesday, September 26.

First Published: Wed, September 27 2017. 10:52 IST