Heritage Foods (India) jumped 5.56% to Rs 520 at 9:49 IST on BSE after the company said its board of directors at a meeting held on Wednesday, 17 July 2013, approved a liberal 1:1 bonus issue.
The announcement was made after market hours on Wednesday, 17 July 2013.
Meanwhile, the S&P BSE Sensex was up 82.46 points or 0.41% at 20,031.19.
On BSE, 13,088 shares were traded in the counter as against average daily volume of 6,163 shares in the past one quarter.
The stock hit a high of Rs 542 and a low of Rs 511.15 so far during the day. The stock had hit a record high of Rs 569.75 on 10 January 2013. The stock had hit a 52-week low of Rs 150.05 on 18 July 2012.
The stock had outperformed the market over the past one month till 17 July 2013, surging 16.48% compared with the Sensex's 3.22% rise. The scrip had also outperformed the market in past one quarter, spurting 15.59% as against Sensex's 6.5% rise.
The small-cap company has equity capital of Rs 11.60 crore. Face value per share is Rs 10.
The record date for the bonus issue is set as 29 July 2013.
Heritage Foods (India)'s consolidated net profit jumped 73.6% to Rs 14.67 crore on 4.7% growth in net sales to Rs 427.39 crore in Q1 June 2013 over Q1 June 2012. The Q1 result was announced after market hours on Wednesday, 17 July 2013.
Heritage Foods (India) has four business segments viz. dairy, retail, agri and bakery.
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