Ajanta Pharma turns ex-bonus, stock soars over 10%

The company has fixed September 18 as the record date for 1:2 bonus issue.

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SI Reporter Mumbai
Last Updated : Sep 17 2013 | 9:49 AM IST
Ajanta Pharma has rallied over 10% to Rs 687 in early morning deals on the Bombay Stock Exchange (BSE). Shares of pharmaceutical company have turned ex-bonus today.

The company has fixed September 18, 2013 as the record date for the purpose of issue of bonus equity shares in the ratio of one new fully paid-up equity shares of Rs 5 each for every two fully paid-up shares held.

The stock opened at Rs 632 and hit a high of Rs 702 so far. A combined around 74,000 shares change hands on the counter so far against an average sub one lakh shares that were traded before ex-bonus.

The stock hit 52-week low of Rs 236 in November last year and 52-week high of Rs 785 in July this year.

 

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First Published: Sep 17 2013 | 9:46 AM IST

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