Venky's (India) rose 11.59% to Rs 476.60 at 9:56 IST on BSE after the company said its board recommended a 1:2 bonus issue of equity shares.
The announcement was made during trading hours today, 14 September 2015.
Meanwhile, the BSE Sensex was almost flat at 25,610.38.
On BSE, so far 34,000 shares were traded in the counter, compared with an average volume of 22,617 shares in the past one quarter.
The stock hit a high of Rs 490.80 and a low of Rs 436 so far during the day. The stock hit a 52-week high of Rs 625 on 22 July 2015. The stock hit a 52-week low of Rs 274.70 on 18 May 2015.
The stock had underperformed the market over the past one month till 11 September 2015, sliding 19.68% compared with 8.10% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 47.79% as against Sensex's 2.88% decline.
The small-cap company has an equity capital of Rs 9.39 crore. Face value per share is Rs 10.
Venky's (India) announced that its board has recommended a bonus issue of equity shares in the ratio of one equity share for every two equity shares held, as on the record date to be determined by the board.
The bonus issue of equity shares will be subject to approval by the shareholders, through postal ballot and the record date will be announced separately, the company said.
Venky's (India)'s net profit spurted 901.26% to Rs 15.82 crore on 26.7% growth in net sales to Rs 539.39 crore in Q1 June 2015 over Q1 June 2014.
Venky's (India) is an integrated poultry firm.
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