 "Balmare Lawrie & Co hits record high")
Balmare Lawrie & Co hit a record high of Rs 1,049, up 4% on the BSE in early morning trade.
Since November 9, the stock of state-owned company outperformed the market by surging 36% after the board recommended issuance of bonus shares in the proportion 3:1 i.e. 3 new equity bonus shares for every 1 existing equity share of the company held by the shareholders on the record date. The S&P BSE Sensex was down 3% during the same period.
Balmare Lawrie & Co has fixed December 27, 2016 as the record date for the purpose of issue of bonus shares. The stock will turn ex-bonus on December 26.
At 09:36 am; the stock was up 3% at Rs 1,040 on the BSE, as compared to 0.3% rise in the benchmark index. A combined 36,855 shares changed hands on the counter on the BSE and NSE.
Since November 9, the stock of state-owned company outperformed the market by surging 36% after the board recommended issuance of bonus shares in the proportion 3:1 i.e. 3 new equity bonus shares for every 1 existing equity share of the company held by the shareholders on the record date. The S&P BSE Sensex was down 3% during the same period.
Balmare Lawrie & Co has fixed December 27, 2016 as the record date for the purpose of issue of bonus shares. The stock will turn ex-bonus on December 26.
At 09:36 am; the stock was up 3% at Rs 1,040 on the BSE, as compared to 0.3% rise in the benchmark index. A combined 36,855 shares changed hands on the counter on the BSE and NSE.