Hester Biosciences has soared 17% to Rs 134 on announcing plans for a bonus issue.
“The board of directors of the company will meet on August 14, 2012 to discuss and consider proposal for bonus shares to be issued to existing shareholders of the company,” the company said in a filing.
The board will also consider the audited financial result for the year 2011-2012 and also for un-audited financial result for the quarter ended on June 30, 2012, it added.
The stock opened at Rs 118 and hit a high of Rs 136 on the BSE. Around 3,935 shares have changed hands on the counter till noon deals.
