GM Breweries has spurted 18% to Rs 130 on the NSE after the company said that its board will meet on April 3, to consider a maiden bonus issue proposal.
“The board of directors of the company also proposes to consider/recommend issue of bonus shares during the board meeting to be held on April 03, 2014,” GM Breweries said in a statement.
The stock opened at Rs 116 and touched a 52-week high of Rs 132 on the NSE. The counter has seen an over ten-fold jump in trading volumes with a combined 1.05 million shares changed hands on the NSE and BSE till 1240 hours.
“The board of directors of the company also proposes to consider/recommend issue of bonus shares during the board meeting to be held on April 03, 2014,” GM Breweries said in a statement.
The stock opened at Rs 116 and touched a 52-week high of Rs 132 on the NSE. The counter has seen an over ten-fold jump in trading volumes with a combined 1.05 million shares changed hands on the NSE and BSE till 1240 hours.