Munjal Auto gains 5% on bonus plans

The board also recommended a final dividend at 100% viz. Rs 2 per equity share for FY17

Munjal Auto Industries was trading 5% higher at Rs 112 on BSE after the board recommended to issue bonus shares in the ratio of 1:1 i.e. one equity share of Rs 2 each for every one fully paid up equity share held as on record date.

The board also recommended a final dividend at 100% viz. Rs 2 per equity share for financial year 2016-17. The dividend will be paid by July 30, 2017.

Meanwhile, auto parts & equipment company has reported 43% jump in its net profit at Rs 9.10 crore for the quarter ended March 2017