 "Allcargo Logistics hits record high on fixing record date for bonus shares")
Allcargo Logistics is trading higher by 5% to Rs 418 on the BSE after the company said December 31, 2015, has been fixed as a record date for the purpose of issue of bonus shares in the ratio of 1:1.
The board of directors of Allcargo Logistics at its meeting held on November 05, 2015, had approved issue of one equity share of Rs 2 each fully paid as bonus share for every equity share of Rs 2 each fully paid held in the company.
The stock opened at Rs 407 and touched a record high of Rs 421 on the BSE in intra-day trade. The trading volumes on the counter jumped by more than four-fold with a combined 458,320 shares changed hands on the NSE and BSE till 11:51 a.m.
Since November 5, the stock has rallied 31% from Rs 319 as compared to 2% decline in the S&P BSE Sensex.
The board of directors of Allcargo Logistics at its meeting held on November 05, 2015, had approved issue of one equity share of Rs 2 each fully paid as bonus share for every equity share of Rs 2 each fully paid held in the company.
The stock opened at Rs 407 and touched a record high of Rs 421 on the BSE in intra-day trade. The trading volumes on the counter jumped by more than four-fold with a combined 458,320 shares changed hands on the NSE and BSE till 11:51 a.m.
Since November 5, the stock has rallied 31% from Rs 319 as compared to 2% decline in the S&P BSE Sensex.