 "Ganesh Housing surges 20% on 1:2 bonus")
Ganesh Housing Corporation is locked in 20% upper circuit at Rs 133 on the BSE after the board recommended a 1:2 bonus issue i.e. one equity share for every two equity shares held in the company as on the record date to be determined by the board.
The board has also recommended a dividend of Rs 2 per equity share of face value of Rs 10 each on the expanded share capital due to issue of bonus shares for the financial year 2015-2016.
The company engaged in real estate business reported 13.8% year on year (YoY) growth in net profit at Rs 19 crore for the quarter ended March 2016 (Q4FY16). Total income from operations rose 10% at Rs 85 crore on YoY basis.
Till 02:50 PM, a combined 564,544 shares changed hands and there were pending buy orders for 96,668 shares on the BSE and NSE.
The board has also recommended a dividend of Rs 2 per equity share of face value of Rs 10 each on the expanded share capital due to issue of bonus shares for the financial year 2015-2016.
The company engaged in real estate business reported 13.8% year on year (YoY) growth in net profit at Rs 19 crore for the quarter ended March 2016 (Q4FY16). Total income from operations rose 10% at Rs 85 crore on YoY basis.
Till 02:50 PM, a combined 564,544 shares changed hands and there were pending buy orders for 96,668 shares on the BSE and NSE.