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SRF gains 5% ahead of board meet for bonus issue; jumps 50% in 3 months

The board of directors of the Company is scheduled to meet on Tuesday, August 31, 2021 to consider and approve issuance of bonus shares subject to approval by the shareholders of the Company.

SRF
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SI Reporter Mumbai
Shares of SRF gained 5 per cent, hitting a new high of Rs 9,876.55 on the BSE in intra-day trade on Monday, a day ahead of the company’s board meeting to consider bonus issue plan.

On August 20, 2021, the company had informed the stock exchanges that the meeting of the board of directors is scheduled for Tuesday, August 31, 2021 to consider and approve issuance of bonus shares subject to approval by the shareholders of the Company. Since then, the stock rallied 10 per cent from level of Rs 8,902.

In the past three months, SRF has