Aarti Inds rises on bonus issue plan

Aarti Industries rose 1.38% to Rs 1,689.95 at 14:21 IST on BSE after the company said its board will meet on 13 August 2019 to consider bonus issue of shares.

The announcement was made during market hours today, 5 August 2019.

Meanwhile, S&P BSE Sensex was down 414.66 points or 1.12% at 36,703.56.

On BSE, 3,373 shares were traded in Aarti Industries counter, compared to a 2-week average of 2,300 shares. The stock hit an intraday high of Rs 1,716.70 and an intraday low of Rs 1,595. It hit a 52-week high of Rs 1,861.02 on 28 May 2019 and a 52-week low of Rs 1,083.98 on 1 October 2018.

 

The board will also consider Q1 results on 13 August 2019. The company's net profit surged 46.9% to Rs 124.45 crore on a 17.7% jump in net sales to Rs 1,211.44 crore in Q4 March 2019 compared with Q4 March 2018.

Aarti Industries is a leading Indian manufacturer of speciality chemicals and pharmaceuticals with a global footprint.

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