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Gruh Finance hits record high ahead of 1:1 bonus issue

The stock hit a record high of Rs 736, up 5% on the BSE in intra-day trade today, will turn ex-bonus in the ratio of 1:1 on Wednesday, June 6, 2018

SI Reporter  |  Mumbai 

Gruh Finance
Gruh Finance logo

hit a record high of Rs 736, up 5% on the BSE in intra-day trade on Thursday ahead of 1:1 issue. The Company has fixed Thursday, June 7, 2018 as the for determining the entitlement of members to receive equity shares of the Company in the ratio of 1:1 i.e. one new equity share of Rs 2 each for every one existing equity share of Rs 2 each.

The stock will turn ex-bonus on Wednesday, June 6, 2018.

outperformed the market by surging 20% since the board of directors at their meeting held on April 14, 2018 had recommended bonus issue. On comparison, the S&P BSE Sensex was up 2% during the same period.

In past one year, shares of housing finance company rallied 86% against 12% rise in the benchmark index.

At 10:00 am; the stock was trading 3.5% higher at Rs 727 on the BSE, as compared to 0.14% rise in the Sensex. The trading volumes on the counter more than doubled with a combined 408,747 shares changed hands on the BSE and NSE so far.


First Published: Thu, May 31 2018. 10:05 IST
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