Engineers India recommends bonus issue; shares take aerial route
DSIJ Intelligence / 17 Nov 2016
Engineers India Ltd., has informed BSE that the board of directors of the Company at its meeting held on November 16, 2016, inter alia, has recommended the issue of bonus shares in the proportion of 1 (one) new equity share of Rs. 5/- each for every 1 (one) existing equity share of Rs. 5/- each fully paid up of the company, subject to the approval of shareholders.
Engineers India Ltd., has informed BSE that the board of directors of the Company at its meeting held on November 16, 2016, inter alia, has recommended the issue of bonus shares in the proportion of 1 (one) new equity share of Rs. 5/- each for every 1 (one) existing equity share of Rs. 5/- each fully paid up of the company, subject to the approval of shareholders.
On the other hand, the company has declared its Q2 results which were better than its previous corresponding quarter. Net profit of the company in Q2FY17 has risen to Rs 93.75 crores as compared to Rs 77.21 crore in Q2FY16. Turnover, however, has decreased to Rs 394.98 crore for the quarter ended September 30, from Rs 510.32 crore in Q2 of last fiscal.The shares of the company in the last three months have surged by 21 per cent. In the last 6 months, the shares have surged by 48 per cent.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.