Balmer Lawrie gains ahead of board meet for bonus issue
The board of directors of the company is scheduled to meet today to consider a maiden bonus issue proposal.
Balmer Lawrie & Company is trading higher by 3% to Rs 615 on the Bombay Stock Exchange (BSE) ahead of its board meeting today to consider a maiden bonus issue proposal.
“The board of directors of the company will meet on March 26, 2013, for consideration of 'Declaration of Bonus Shares',” Balmer Lawrie said in a BSE filing.
The stock has outperformed the market by surging 6% after the company announced bonus issue plan on March 20 compared to 1% fall in benchmark Snesex.
Today, the stock opened at Rs 606 and hit a high of Rs 619 on BSE. A combined 8,697 shares have changed hands on the counter so far on BSE and NSE.
“The board of directors of the company will meet on March 26, 2013, for consideration of 'Declaration of Bonus Shares',” Balmer Lawrie said in a BSE filing.
The stock has outperformed the market by surging 6% after the company announced bonus issue plan on March 20 compared to 1% fall in benchmark Snesex.
Today, the stock opened at Rs 606 and hit a high of Rs 619 on BSE. A combined 8,697 shares have changed hands on the counter so far on BSE and NSE.