Relaxo Footwears surged 7.02% to Rs 758 at 10:17 IST on BSE after the company said its board of directors recommended issue of bonus shares in the ratio of 1:1.
The announcement was made before market hours today, 11 May 2015.
Meanwhile, the S&P BSE Sensex was up 249.84 points or 0.92% at 27,355.23.
On BSE, so far 8,018 shares were traded in the counter as against average daily volume of 7,559 shares in the past one quarter.
The stock hit a high of Rs 793 so far during the day, which is a record high for the counter. The stock hit a low of Rs 742.75 so far during the day. The stock had hit a 52-week low of Rs 335 on 8 May 2014.
The stock had outperformed the market over the past one month till 8 May 2015, sliding 3.54% compared with Sensex's 5.58% fall. The scrip had also outperformed the market in past one quarter, surging 12% as against Sensex's 5.62% fall.
The mid-cap company has equity capital of Rs 6 crore. Face value per share is Rs 1.
Relaxo Footwears' net profit rose 88.2% to Rs 19.91 crore on 27.6% growth in net sales to Rs 330.66 crore in Q3 December 2014 over Q3 December 2013.
Relaxo Footwears is a footwear maker.
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