Kwality extends fall despite board mulling bonus issue, share buyback

The stock dipped 5% to Rs 31.65, extending its 30% fall in past seven trading days on the BSE.

Shares of Kwality have dipped 5% to Rs 31.65 per share, extending their 30% fall in past seven trading days on the BSE, despite the company today saying that its board will consider share buyback or bonus issue proposal on June 20, 2018.

The meeting of the board of directors of the Company will be held on Wednesday, 20th June, 2018 to consider and approve the proposal for buyback of securities and/or bonus issue of securities; and recommendation of interim dividend.

The stock of dairy products company is trading at its lowest level since May 9, 2014, has