 "Orbit Exports surges on 1:1 bonus issue")
Orbit Exports has surged 15% to Rs 302 on the BSE in intra-day trade after the company announced bonus issue in the ratio of 1:1.
“The board of directors of the company recommended issue of bonus shares in the ratio of 1:1 i.e. 1 (one) bonus equity share of Rs 10 each for every 1 (One) existing fully paid up equity share of Rs 10 each,” Orbit Exports said in a BSE filing.
At 03:27 pm; the stock was up 7% at Rs 280 as compared to 0.84% decline in the S&P BSE Sensex. A combined 79,167 shares changed hands on the counter on the BSE and NSE.
“The board of directors of the company recommended issue of bonus shares in the ratio of 1:1 i.e. 1 (one) bonus equity share of Rs 10 each for every 1 (One) existing fully paid up equity share of Rs 10 each,” Orbit Exports said in a BSE filing.
At 03:27 pm; the stock was up 7% at Rs 280 as compared to 0.84% decline in the S&P BSE Sensex. A combined 79,167 shares changed hands on the counter on the BSE and NSE.
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