 "Poly Medicure extends gain on fixing record date for bonus issue")
Poly Medicure surged 10% to Rs 633, extending its past two days 9% gain on BSE, after the company fixed March 28, 2017 as record date for the 1:1 bonus issue. The stock will turn ex-bonus on March 24, 2017.
“The company has fixed Tuesday the 28th day of March, 2017 as record date for the purpose of ascertaining the eligibility of shareholders who would be entitled to receive 1 (one) new bonus equity share of nominal value of Rs 5 each in lieu of 1 (one) existing equity share of nominal value of Rs 5 each,” Poly Medicure said in a regulatory filing.
The stock trading at its fresh 52-week high, rallied 34% since February 6, after the company engaged in medical equipment business announced bonus issue.
At 10:54 am; it was up 7.7% at Rs 620 as compared to 0.5% decline in the S&P BSE Sensex. A combined 80,439 shares changed hands on the counter on BSE and NSE so far.
“The company has fixed Tuesday the 28th day of March, 2017 as record date for the purpose of ascertaining the eligibility of shareholders who would be entitled to receive 1 (one) new bonus equity share of nominal value of Rs 5 each in lieu of 1 (one) existing equity share of nominal value of Rs 5 each,” Poly Medicure said in a regulatory filing.
The stock trading at its fresh 52-week high, rallied 34% since February 6, after the company engaged in medical equipment business announced bonus issue.
At 10:54 am; it was up 7.7% at Rs 620 as compared to 0.5% decline in the S&P BSE Sensex. A combined 80,439 shares changed hands on the counter on BSE and NSE so far.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%