Crompton Greaves ended at Rs 419, stronger by Rs 7 or 1.7%, on the BSE.
The stock opened at Rs 424 and touched a new 52-week high of Rs 448 and a low of Rs 418 during the day.
The counter witnessed trades of 2.62 lakh shares on the BSE, as against the two-week daily average trade of 0.84 lakh shares.
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(Updated at 0939am)
Crompton Greaves has jumped on plans of a bonus issue.
The stock opened at Rs 424 and gained 8.7% to touch a new 52-week high of Rs 448. However, it has now pared some of its gains and is up 3% at Rs 425. The counter has witnessed relatively hefty trades of 1.14 lakh shares on the BSE, as against the two week daily average trade of 84,000 shares.
Company's board meeting is on January 28, 2010, to consider a bonus issue. The third quarter results of the company will also be announced on that day itself.
