Bonus share announcement energizes scrip of Panama Petrochem
Shital Jibhe / 16 Aug 2017
In the wake of the Board of Directors of Panama Petrochem approving the issue of bonus shares, the scrip of the company shot up by over 7% intraday during Monday’s trading session.
In the wake of the Board of Directors of Panama Petrochem approving the issue of bonus shares, the scrip of the company shot up by over 7% intraday during Monday’s trading session.
The bonus shares will be in the ratio of 1:2 (i.e. one equity share of Rs 2 each for every two fully paid-up equity shares held as on the record date), subject to the approval of the members of the company.
The stock posted an increase in volume by more than 4.07 times on Monday, touching a fresh 52-week high at Rs 196.40 on Monday. It attracted a total traded volume of 2,72,214 shares and traded value of Rs 522.16 lakh on the NSE at 1330 hours.
The stock was trading higher by 8.21% at Rs 193 per share on the BSE at 1330 hours. It touched its intraday high and low at Rs 196.70 and Rs 184 per share, respectively.
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