 "A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai")
Oil and Natural Gas Corporation (ONGC) has moved higher to its fresh 52-week high of Rs 290, up 3.6% on BSE, after the company said the board will meet on Thursday, October 27, to consider bonus issue proposal.
“The board of directors will consider a proposal for declaration of bonus issue, if any, in its meeting, scheduled on October 27, 2016,” ONGC said in a statement.
Earlier on October 19, the state-owned oil exploration company said that the board will meet on October 27, to consider the financial results for the second quarter and half year ended September 30, 2016 (Q2) and to declare interim dividend, if any, for the financial year 2016-17.
In February 2011, ONGC issued bonus shares in the ratio of 1:1 i.e. one equity share for every one share held in the company.
The trading volumes on the counter more than doubled with a combined 5.09 million shares changed hands on the NSE and BSE till 01:38 pm.
“The board of directors will consider a proposal for declaration of bonus issue, if any, in its meeting, scheduled on October 27, 2016,” ONGC said in a statement.
Earlier on October 19, the state-owned oil exploration company said that the board will meet on October 27, to consider the financial results for the second quarter and half year ended September 30, 2016 (Q2) and to declare interim dividend, if any, for the financial year 2016-17.
In February 2011, ONGC issued bonus shares in the ratio of 1:1 i.e. one equity share for every one share held in the company.
The trading volumes on the counter more than doubled with a combined 5.09 million shares changed hands on the NSE and BSE till 01:38 pm.
