 "In the past three months, the stock has underperformed the market by gaining 20 per cent")
Shares of Valiant Organics gained 4 per cent to Rs 3,454 on the BSE on Monday, in an otherwise subdued market, ahead of turning ex-date on Thursday, December 24, 2020 for its 1:1 bonus issue. Stock of the pharmaceutical company has rallied 13 per cent in the past eight trading days.
The Company has fixed December 28, 2020 as the 'Record Date' to determine the eligible shareholders entitled to receive the bonus shares. The board of directors of the company on November 13, 2020 had recommended the issue of bonus shares in the ratio of 1:1 i.e. 1 bonus equity share
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