Astral Poly Technik extends fall as stock turns ex-bonus in ratio of 1:3

Astral Poly Technik has outperformed the market by surging 59 per cent in the past three months, against 6.6 per cent gain in the Sensex

Shares of Astral Poly Technik, on Thursday, fell 8 per cent to Rs 1,701 on the BSE in intra-day trade on profit booking after the stock turned ex-bonus in ratio of 1:3 i.e. 1 bonus share for every 3 existing equity shares. The company engaged in plastic products business has fixed Friday, March 19 as the record date for the bonus share issue.

The stock was trading lower for the third straight day, falling 14 per cent from its record high of Rs 1,987.50 (adjusted to bonus issue) touched on Monday, March 15. At 10:18 am, it was quoting