 "Relaxo Footwears turns ex-bonus; stock touches new high")
Shares of Relaxo Footwears were trading higher by 4% at Rs 493, also their record high on the BSE. Today, the stock turned ex-bonus in the ratio of 1:1.
The board of directors of the footwear company at its meeting held on May 11, 2015, had recommended the issue of bonus shares in the ratio of 1:1 i.e. one equity share for every one equity share held.
Since then, the stock has outperformed the market by gaining 38% compared to a 3% rise in the S&P BSE Sensex.
Till 1002 hours, a combined 27,000 shares changed hands on the counter on the BSE and NSE.
The board of directors of the footwear company at its meeting held on May 11, 2015, had recommended the issue of bonus shares in the ratio of 1:1 i.e. one equity share for every one equity share held.
Since then, the stock has outperformed the market by gaining 38% compared to a 3% rise in the S&P BSE Sensex.
Till 1002 hours, a combined 27,000 shares changed hands on the counter on the BSE and NSE.
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