Ajanta Pharma turns ex-bonus, stock soars over 10%
The company has fixed September 18 as the record date for 1:2 bonus issue.
Ajanta Pharma has rallied over 10% to Rs 687 in early morning deals on the Bombay Stock Exchange (BSE). Shares of pharmaceutical company have turned ex-bonus today.
The company has fixed September 18, 2013 as the record date for the purpose of issue of bonus equity shares in the ratio of one new fully paid-up equity shares of Rs 5 each for every two fully paid-up shares held.
The stock opened at Rs 632 and hit a high of Rs 702 so far. A combined around 74,000 shares change hands on the counter so far against an average sub one lakh shares that were traded before ex-bonus.
The stock hit 52-week low of Rs 236 in November last year and 52-week high of Rs 785 in July this year.
The company has fixed September 18, 2013 as the record date for the purpose of issue of bonus equity shares in the ratio of one new fully paid-up equity shares of Rs 5 each for every two fully paid-up shares held.
The stock opened at Rs 632 and hit a high of Rs 702 so far. A combined around 74,000 shares change hands on the counter so far against an average sub one lakh shares that were traded before ex-bonus.
The stock hit 52-week low of Rs 236 in November last year and 52-week high of Rs 785 in July this year.
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First Published: Sep 17 2013 | 9:46 AM IST