APL, Apollo Tricoat trade ex-bonus; stocks record fresh life-time highs

In the past three months, APL Apollo Tubes and Apollo Tricoat have outperformed the market by surging 30% and 22%, respectively, when compared to a 12% rise in the Sensex.

Shares of APL Apollo Tubes (up 13 per cent at Rs 1,049.90) and Apollo Tricoat Tubes (up 10 per cent at Rs 948) have hit their respective new highs on the BSE in intra-day trade on Thursday, on going ex-bounus. Both the companies have issued bonus shares in the ratio of 1:1 i.e. 1 free equity share for every share held by the shareholder.

The board of directors of respective companies had fixed Saturday, 18 September, 2021, as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus equity shares.

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