Business Standard

Wednesday, January 15, 2025 | 03:20 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

APL Apollo, Apollo Tricoat Tubes hit new highs on bonus issue plan

The boards of directors of the respective companies are scheduled to meet on August 6, 2021, to consider and approve the proposal for issue of bonus shares on the equity shares.

Colour coated pipes at APL Apollo's Murbad facility
Premium

Colour coated pipes at APL Apollo's Murbad facility

SI Reporter Mumbai
Shares of APL Apollo Tubes and Apollo Tricoat Tubes rallied up to 7 per cent on the BSE to hit their respective new highs in intra-day trade on Wednesday after the companies announced bonus issue plans.

“The board of directors of the company is scheduled to meet on August 6, 2021, to consider and approve the proposal for issue of bonus shares on the equity shares of the company,” the firms announced in separate regulatory filings on Tuesday. Their boards will also consider un-audited financial results for the first quarter ended June 30, 2021 (Q1FY22).

Among individual stocks,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in