India Nippon Electricals has zoomed 13% at Rs 286 after the company announced bonus issue plans.
“The board of directors of the company will meet on August 08, 2011 to consider the issue of bonus shares," the company said in a filing to the stock exchanges.
The stock opened at the upper circuit of 20% at Rs 304 and has seen 4,513 shares changing hands on the counter in morning deals on the BSE.