Sharon Bio-Medicine has rallied 7% to Rs 435, extending its previous day’s 10% surge, after the mid-sized pharmaceutical company announced bonus issue and sub division of equity shares.
"A meeting of the board of directors of the company will be held on January 14, 2014, inter alia, to discuss the sub-division of equity shares and issuance of bonus equity shares," Sharon Bio-Medicine said in a regulatory filing.
The stock opened at Rs 427 and touched a 52-week high of Rs 440 on the BSE. A combined around 9,000 shares have changed hands on the counter in early morning deals on the BSE and NSE.
"A meeting of the board of directors of the company will be held on January 14, 2014, inter alia, to discuss the sub-division of equity shares and issuance of bonus equity shares," Sharon Bio-Medicine said in a regulatory filing.
The stock opened at Rs 427 and touched a 52-week high of Rs 440 on the BSE. A combined around 9,000 shares have changed hands on the counter in early morning deals on the BSE and NSE.
