AVT Natural Products zooms on 1:1 bonus issue

The stock has zoomed 19% to Rs 31, bouncing back 26% from day's low of Rs 24.55 on NSE.

AVT Natural Products has zoomed 19% to Rs 31, bouncing back over 26% from day’s low, after it board approved the issue of bonus shares in the ratio of 1:1.

The company will allot one equity share for every equity share held on the record date to be fixed later, AVT Natural Products said in a statement.

The stock opened at Rs 26.55 and hit a low of Rs 24.55 in morning deals on NSE. A combined 151,160 shares changed hands on the counter till 1333 hours against an average sub 50,000 shares that were traded daily in past two weeks.