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Balmer Lawrie gains ahead of board meet for bonus issue

The board of directors of the company is scheduled to meet today to consider a maiden bonus issue proposal.

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SI Reporter Mumbai
Balmer Lawrie & Company is trading higher by 3% to Rs 615 on the Bombay Stock Exchange (BSE) ahead of its board meeting today to consider a maiden bonus issue proposal.

“The board of directors of the company will meet on March 26, 2013, for consideration of 'Declaration of Bonus Shares',” Balmer Lawrie said in a BSE filing.

The stock has outperformed the market by surging 6% after the company announced bonus issue plan on March 20 compared to 1% fall in benchmark Snesex.

Today, the stock opened at Rs 606 and hit a high of Rs 619 on BSE. A combined 8,697 shares have changed hands on the counter so far on BSE and NSE.
 
 

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First Published: Mar 26 2013 | 10:38 AM IST

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