 "Marico hits lifetime high ahead of bonus issue")
Marico has moved higher by 3% to Rs 469, extending its gain in the past seven trading sessions on the National Stock Exchange (NSE), ahead of the record date for its 1:1 bonus issue. The stock will be quoted ex-bonus tomorrow (December 22, 2015).
Shares of personal products maker has outperformed the market by surging 10% from Rs 424 on December 9, as compared to 2.8% rise in the Nifty 50 index.
The company has fixed record date as December 24, 2015 to ascertain the members entitled to receive bonus equity shares of the company in the ratio of 1:1 i.e. one bonus share for every 1 existing equity share held in the company.
The trading volumes on the counter more than doubled with a combined 5.07 million shares changed hands till 02:40 p.m. against an average 2.4 million shares that were traded daily in past two weeks on the BSE and NSE.
On December 17, NAT WEST BANK PLC AS DEP OF FRST ST ASIA PACIFIC LDRS FD A SUB had bought 5.57 million equity shares of Marico at price of Rs 440.19 per share through bulk deal, the NSE data shows.
Shares of personal products maker has outperformed the market by surging 10% from Rs 424 on December 9, as compared to 2.8% rise in the Nifty 50 index.
The company has fixed record date as December 24, 2015 to ascertain the members entitled to receive bonus equity shares of the company in the ratio of 1:1 i.e. one bonus share for every 1 existing equity share held in the company.
The trading volumes on the counter more than doubled with a combined 5.07 million shares changed hands till 02:40 p.m. against an average 2.4 million shares that were traded daily in past two weeks on the BSE and NSE.
On December 17, NAT WEST BANK PLC AS DEP OF FRST ST ASIA PACIFIC LDRS FD A SUB had bought 5.57 million equity shares of Marico at price of Rs 440.19 per share through bulk deal, the NSE data shows.
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