Turning ex-bonus: Apollo Pipes zooms 17%

The stock of Apollo Pipes hit a record high of Rs 680.05 (adjusted to bonus share) and rallied 17 per cent in intra-day trades today.

Shares of Apollo Pipes  turned ex-date for 2:1 bonus shares on Thursday. The company had fixed Saturday, December 04, 2021 as the "record date", for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus equity shares of the company in the proportion of 2 (two) equity shares for every 1 (one) existing equity share.

The stock of Apollo Pipes hit a record high of Rs 680.05 (adjusted to bonus share), and rallied 17 per cent in intra-day trade today. At 11:16 am; the stock was trading 7 per cent higher at Rs 622, as compared