Wheels India surges 20% as board mulls bonus issue proposal

The stock moved higher by 20% to Rs 2,424 on the NSE, after the company said that its board will meet on Friday, June 22, 2018 to consider a maiden bonus issue proposal.

Wheels India surges 20% as board mulls bonus issue proposal
SI Reporter Mumbai
Last Updated : Jun 19 2018 | 3:19 PM IST
Shares of Wheels India have moved higher by 20% to Rs 2,424 per share on the National Stock Exchange (NSE), after the company said that its board will meet on Friday, June 22, 2018 to consider a maiden bonus issue proposal.

The counter has seen huge trading volumes with a 34,051 equity shares changed hands on the NSE, as compared to an average 1,000 shares were traded daily in past two weeks. There were pending buy orders for 6,239 shares on the NSE at 03:11 pm.

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