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Poly Medicure extends gain on fixing record date for bonus issue

SI Reporter/Mumbai 20 Mar 17 | 10:57 AM
Related to : Poly Medicure Ltd
 Poly Medicure Ltd

BSE   26 Apr 18 | 12:00 AM

257.05  2.15 (0.84%)

NSE   26 Apr 18 | 12:00 AM

258.30  4.95 (1.95%)

Poly Medicure surged 10% to Rs 633, extending its past two days 9% gain on BSE, after the company fixed March 28, 2017 as record date for the 1:1 bonus issue. The stock will turn ex-bonus on March 24, 2017.

“The company has fixed Tuesday the 28th day of March, 2017 as record date for the purpose of ascertaining the eligibility of shareholders who would be entitled to receive 1 (one) new bonus equity share of nominal value of Rs 5 each in lieu of 1 (one) existing equity share of nominal value of Rs 5 each," Poly Medicure said in a regulatory filing.

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The stock trading at its fresh 52-week high, rallied 34% since February 6, after the company engaged in medical equipment business announced bonus issue.

At 10:54 am; it was up 7.7% at Rs 620 as compared to 0.5% decline in the S&P BSE Sensex. A combined 80,439 shares changed hands on the counter on BSE and NSE so far.

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