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Shares of Relaxo Footwears and Federal Bank were trading higher by 6% each on the BSE ahead of bonus issues.
At 1437 hours, Relaxo Footwears was up 6% at Rs 940, after hitting a record high of Rs 952 on the BSE in intra-day trades. The company has fixed July 02, 2015 as the record date for the purpose of a 1:1 bonus Issue. The stock will turn ex-bonus on June 30, 2015.
The board of directors of Relaxo Footwears had recommended issue of bonus shares in the ratio of 1:1 (one share for every share held).
Federal Bank too rallied 6% to Rs 150 on the BSE on the back of heavy volumes. The stock hit high of Rs 152 during intra-day trades and is marginally away from its lifetime high of Rs 154 touched on BSE on March 4, 2015.
A combined 7.53 million shares changed hands on the counter so far against an average sub-three million shares that were traded daily in the past two weeks.
The private sector lender said that the board of directors of the bank will meet on June 29, 2015, to consider the record date for the issue of bonus shares to the shareholders of the bank, on approval of bonus issue by the shareholders at the Annual General Meeting (AGM) to be held on June 29, 2015.
The board, at its meeting held on May 16, 2015, had recommended the issue of bonus shares in the ratio of 1:1.
At 1437 hours, Relaxo Footwears was up 6% at Rs 940, after hitting a record high of Rs 952 on the BSE in intra-day trades. The company has fixed July 02, 2015 as the record date for the purpose of a 1:1 bonus Issue. The stock will turn ex-bonus on June 30, 2015.
The board of directors of Relaxo Footwears had recommended issue of bonus shares in the ratio of 1:1 (one share for every share held).
Federal Bank too rallied 6% to Rs 150 on the BSE on the back of heavy volumes. The stock hit high of Rs 152 during intra-day trades and is marginally away from its lifetime high of Rs 154 touched on BSE on March 4, 2015.
A combined 7.53 million shares changed hands on the counter so far against an average sub-three million shares that were traded daily in the past two weeks.
The private sector lender said that the board of directors of the bank will meet on June 29, 2015, to consider the record date for the issue of bonus shares to the shareholders of the bank, on approval of bonus issue by the shareholders at the Annual General Meeting (AGM) to be held on June 29, 2015.
The board, at its meeting held on May 16, 2015, had recommended the issue of bonus shares in the ratio of 1:1.
