 "Hatsun Agro soars on bonus issue plan")
Hatsun Agro Products has moved higher by 10% to Rs 468 on the BSE after the company announced that its board will meet on May 27 to consider issue of bonus shares.
“A meeting of the board of directors of the company will be convened on May 27, 2016, to consider and approve the audited financial results of the company for the year ended March 31, 2016,” Hatsun Agro Products said in a statement.
The board will also consider capitalization of reserves and to consider issue of bonus equity shares, it added.
The stock of packaged goods company is trading close to its 52-week high of Rs 486 touched on October 20, 2015 during intra-day trade.
At 12:12 pm, the stock was up 8% to Rs 457 on the BSE compared to 0.37% fall in the S&P BSE Sensex. A combined 16,452 shares changed hands on the BSE and NSE so far.
“A meeting of the board of directors of the company will be convened on May 27, 2016, to consider and approve the audited financial results of the company for the year ended March 31, 2016,” Hatsun Agro Products said in a statement.
The board will also consider capitalization of reserves and to consider issue of bonus equity shares, it added.
The stock of packaged goods company is trading close to its 52-week high of Rs 486 touched on October 20, 2015 during intra-day trade.
At 12:12 pm, the stock was up 8% to Rs 457 on the BSE compared to 0.37% fall in the S&P BSE Sensex. A combined 16,452 shares changed hands on the BSE and NSE so far.