Manpasand Beverages advances after fixing record date for bonus shares

Manpasand Beverages rose 2.27% to Rs 825.50 at 14:51 IST on BSE after the company said it has fixed 15 September 2017 as record date for issue of bonus shares.

The announcement was made during market hours today, 17 August 2017.

Meanwhile, the S&P BSE Sensex was up 100.43 points, or 0.32% at 31,871.32. The S&P BSE Mid-Cap index was down 33.33 points, or 0.22% at 15,249.01.

On the BSE, 7,450 shares were traded on the counter so far as against the average daily volumes of 12,206 shares in the past one quarter. The stock had hit a high of Rs 831.35 and a low of Rs 804.35 so far during the day. The stock had hit a record high of Rs 885.90 on 29 May 2017 and a 52-week low of Rs 506.75 on 26 December 2016.

The stock had outperformed the market over the past one month till 16 Aug 2017, gaining 4.56% compared with the Sensex's 0.78% fall. The scrip had also outperformed the market over the past one quarter gaining 4.18% as against the Sensex's 3.89% rise. The scrip had also outperformed the market over the past one year advancing 15.11% as against the Sensex's 13.21% rise.

The mid-cap company has equity capital of Rs 57.22 crore. Face value per share is Rs 10.

Manpasand Beverages announced that the company has fixed 15 September 2017 as the record date for determining the eligibility of shareholders for issuance of bonus equity shares in the ratio 1:1 i.e. one bonus share for every one held.

Manpasand Beverages's net profit rose 25.3% to Rs 35.91 crore on 28.5% increase in net sales to Rs 294.78 crore in Q1 June 2017 over Q1 June 2016.

Manpasand Beverages is a fruit drink manufacturer focusing on mango. Mango-based fruit drink, Mango Sip, is the flagship brand of the company, which is strategically aimed at customers in semi urban and rural markets.

Powered by Capital Market - Live News