Divi's Laboratories rose 0.93% to Rs 2,208 at 09:49 IST on BSE after the company fixed 26 September 2015 as record date for the purpose of determining the eligibility of shareholders entitled to receive 1:1 bonus shares.
Divi's Laboratories made the announcement after market hours yesterday, 14 September 2015.
Meanwhile, the BSE Sensex was down 26.19 points, or 0.1%, to 25,830.51
On BSE, so far 3,344 shares were traded in the counter, compared with an average volume of 16,263 shares in the past one quarter.
The stock hit a high of Rs 2,222.40 and a low of Rs 2,190 so far during the day. The stock hit a record high of Rs 2,483.60 on 21 August 2015. The stock hit a 52-week low of Rs 1,573.20 on 9 February 2015.
The stock had outperformed the market over the past one month till 14 September 2015, rising 0.19% compared with 7.88% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 24.13% as against Sensex's 2.15% decline.
The large-cap company has an equity capital of Rs 26.55 crore. Face value per share is Rs 2.
Divi's Laboratories' net profit rose 44.8% to Rs 243.18 crore on 28.6% growth in total income to Rs 842.75 crore in Q1 June 2015 over Q1 June 2014.
Divi's Laboratories is primarily engaged in the manufacture of active pharmaceutical ingredients (APIs) & intermediates for generics, custom synthesis of API's and advanced intermediates for discovery compounds for pharma giants, building blocks for peptides, building blocks for nucleotides, carotenoids and chiral ligands.
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