Varun Beverages surges 11% in 2 days after stock turn ex-date for 1:2 bonus

The board is scheduled to meet on Thursday, August 1, 2019, to consider the financial results of the company for the period ended June 30, 2019 (Q1FY20) and to consider declaration of interim dividend

Shares of Varun Beverages (VBL) hit an all-time high of Rs 667 apiece, up 8 per cent intra-day, on the BSE on Friday. The stock has surged 11 per cent in the past two trading days on the exchange after it turned ex-date for bonus issue in the ratio of 1:2 on Thursday. In comparison, the S&P BSE Sensex was up 0.20 per cent in past two days.

The stock of the beverages manufacturer surpassed its previous high of Rs 650 (adjusted to bonus) hit on July 9, in the intra-day trade.

The board of directors of VBL had fixed