KNR Constructions rallies 7% as board set to consider bonus issue

The board of directors of the Company is scheduled to meet on Friday to consider declaration of bonus shares and other related issues

Shares of KNR Constructions rose 7 per cent to Rs 318 on the BSE on Tuesday after the company said its board will meet on Friday, December 18, 2020, to consider a maiden bonus share. The stock of the construction & engineering company hit a 52-week high of Rs 319.85, on December 4.

“The meeting of the board of directors of the Company is scheduled to meet on Friday the 18th day of December 2020 at 12:30 P.M at Hyderabad inter alia to consider declaration of bonus shares and other related issues,” KNR Constructions said in a BSE filing.