Borosil Glass trades ex-bonus in ratio of 3:1; stock surges 10%

The stock hit a new high of Rs 321, up 10% on the BSE in intra-day trade.

Shares of Borosil Glass Works rallied 10% to Rs 321, also its new high (adjusted to bonus issue) on the BSE in an otherwise weak market. The stock of houseware company trade ex-bonus in the ratio of 3:1 i.e. 3 equity shares for every one equity share held.

Borosil Glass Works has fixed Friday, August 03, 2018 as the 'Record Date' for the purpose of determining entitlement of shareholders for bonus issue of equity shares.

Since June 18, 2018, the stock has outperformed the market 45% after the company’s board approved bonus issue. In comparison, the S&P BSE Sensex