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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.


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