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Shares of Shivam Autotech were trading higher by 6% at Rs 108, extending its previous day’s 5% gain on the BSE, after the auto parts and equipment manufacturer announced the bonus issue plan.
The board of directors of the company will meet on May 18, 2015, to consider issuance of bonus shares to equity shareholders of the company, Shivam Autotech said in a BSE filing.
The board will also announce the audited financial results of the company for the last quarter and financial year ended March 31, 2015 and recommend dividend.
The stock opened at Rs 105 and touched a high of Rs 110 on the BSE. A combined 233,377 shares changed hands on the counter on the BSE and NSE.
The board of directors of the company will meet on May 18, 2015, to consider issuance of bonus shares to equity shareholders of the company, Shivam Autotech said in a BSE filing.
The board will also announce the audited financial results of the company for the last quarter and financial year ended March 31, 2015 and recommend dividend.
The stock opened at Rs 105 and touched a high of Rs 110 on the BSE. A combined 233,377 shares changed hands on the counter on the BSE and NSE.
