Venky's (India) gains 23.53% in two days after board declares issue of bonus shares

Venky's (India) rose 4.1% to Rs 527.60 at 12:46 IST on BSE, with the stock extending yesterday's 18.66% rally triggered by the company's board declaring a 1:2 bonus issue of equity shares.

Meanwhile, the BSE Sensex was down 70.65 points, or 0.27%, to 25,786.05

On BSE, so far 58,331 shares were traded in the counter, compared with an average volume of 24,111 shares in the past one quarter.

The stock hit a high of Rs 538.50 and a low of Rs 514.60 so far during the day. The stock hit a 52-week high of Rs 625 on 22 July 2015. The stock hit a 52-week low of Rs 274.70 on 18 May 2015.

The stock had underperformed the market over the past one month till 14 September 2015, falling 9.18% compared with 7.88% fall in the Sensex. The scrip, however, outperformed the market in past one quarter, surging 77.2% as against Sensex's 2.15% decline.

The small-cap company has an equity capital of Rs 9.39 crore. Face value per share is Rs 10.

Shares of Venky's (India) had surged 18.66% to Rs 506.80 yesterday, 14 September 2015 after the company announced that its board has recommended a bonus issue of equity shares in the ratio of one equity share for every two equity shares held as on the record date to be determined by the board. The announcement was made during trading hours yesterday, 14 September 2015. The stock surged 23.53% in two trading days from a recent low of Rs 427.10 on 11 September 2015.

Venky's (India)'s net profit spurted 901.3% to Rs 15.82 crore on 26.7% growth in net sales to Rs 539.39 crore in Q1 June 2015 over Q1 June 2014.

Venky's (India) is an integrated poultry firm.

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