You are here: Home » Markets ยป News
Business Standard

Kesar Terminals rallies on bonus issue plan

The stock surged 18% to Rs 535, also its 52-week high on BSE after the company said it board will meet on Friday to consider bonus issue.

SI Reporter  |  Mumbai 

Kesar Terminals rallies on bonus issue plan

Kesar Terminals & Infrastructure has surged 18% to Rs 535, also its 52-week high on the BSE in early morning trade, after the company announced that the board will meet on Friday to consider bonus issue of equity shares.

“A meeting of the board of directors of the company will be held on June 24, 2016, inter alia, to consider issue of bonus shares,” Kesar Terminals said in a statement.

At 09:50 AM, the stock was up 14% at Rs 519 on the BSE, as compared to 0.14% decline in the S&P BSE Sensex. A combined 83,278 shares changed hands on the counter so far against an average sub 20,000 shares that were traded daily in past two weeks on the BSE and NSE.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, June 21 2016. 09:52 IST