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Astral Poly jumps 5% on fixing record date for 1:3 bonus share issue

The company has fixed March 19 as the record date for the 1:3 bonus share issue

Astral-Poly
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Analysts at Edelweiss Broking remain positive on Astral due to its strong brand, new product launches and pickup in its core business of plastic piping

SI Reporter Mumbai
Shares of Astral Poly Technik advanced 5 per cent to Rs 2,332 on the BSE in Monday's intra-day trade after the company said it has fixed March 19 as the record date for the 1:3 bonus share issue. The stock of the plastic products manufacture surpassed its previous high of Rs 2,249.95 touched on March 2.

“The company has fixed Friday, March 19, 2021, as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus equity shares in the proportion of 1 equity share of Re 1 each for every 3 existing equity