GM Breweries has soared 17% to Rs 154, extending its previous day's rally on the BSE, after the company said that its board will recommend bonus issue to existing shareholders in forthcoming board meeting.
The board of directors of the company are schedule to meet on April 3, 2014 to consider/recommend issue of bonus shares, GM Breweries said in a statement.
The stock is currently trading at its 52-week high, rallied 40% in past two trading sessions from Rs 110 on February 28.
The counter has seen huge trading activity with a combined 1.14 million shares already changed hands till 1100 hours as against an average sub 0.50 million shares that were traded daily in past two weeks on the NSE and BSE.
The board of directors of the company are schedule to meet on April 3, 2014 to consider/recommend issue of bonus shares, GM Breweries said in a statement.
The stock is currently trading at its 52-week high, rallied 40% in past two trading sessions from Rs 110 on February 28.
The counter has seen huge trading activity with a combined 1.14 million shares already changed hands till 1100 hours as against an average sub 0.50 million shares that were traded daily in past two weeks on the NSE and BSE.
