Balmer Lawrie surges on bonus issue plan
The board of directors of diversified company will meet on March 26, 2013 to consider bonus issue proposal.
Balmer Lawrie and Company has surged 8% to Rs 625 after the company said that its board will consider a maiden bonus issue.
“The board of directors of company will meet on March 26, 2013, for consideration of 'Declaration of Bonus Shares',” Balmer Lawrie, the diversified company said in a filing.
The stock opened at Rs 615 and hit a high of Rs 640 on NSE. A combined 53,400 shares have changed hands on the counter till 1000 hours against an average sub 20,000 shares that were traded daily in past two weeks on NSE and BSE.
“The board of directors of company will meet on March 26, 2013, for consideration of 'Declaration of Bonus Shares',” Balmer Lawrie, the diversified company said in a filing.
The stock opened at Rs 615 and hit a high of Rs 640 on NSE. A combined 53,400 shares have changed hands on the counter till 1000 hours against an average sub 20,000 shares that were traded daily in past two weeks on NSE and BSE.