Warren Tea has soared 12% to Rs 396 after the company announced that it will issue bonus shares to its existing shareholders.
“The board of directors of the company will meet on January 30, 2013 to consider issue of bonus shares,” Warren Tea, the company engaged in tea and coffee business said in a statement.
The board will also consider the un-audited and year to date financial results for the quarters ended September 30, 2011 and December 30, 2011 and the audited results for the quarter and year ended March 31, 2012, it added
The stock opened at Rs 384 and touched high of Rs 412 on the BSE. Around 5,000 shares have changed hands on the counter in morning deals.
