hit a record high of Rs 736, up 5% on the BSE in intra-day trade on Thursday ahead of 1:1 bonus
issue. The Company has fixed Thursday, June 7, 2018 as the record date
for determining the entitlement of members to receive bonus
equity shares of the Company in the ratio of 1:1 i.e. one new bonus
equity share of Rs 2 each for every one existing equity share of Rs 2 each.
The stock will turn ex-bonus
on Wednesday, June 6, 2018.
outperformed the market by surging 20% since the board of directors at their meeting held on April 14, 2018 had recommended bonus
issue. On comparison, the S&P BSE Sensex was up 2% during the same period.
In past one year, shares of housing finance company rallied 86% against 12% rise in the benchmark index.
At 10:00 am; the stock was trading 3.5% higher at Rs 727 on the BSE, as compared to 0.14% rise in the Sensex. The trading volumes on the counter more than doubled with a combined 408,747 shares changed hands on the BSE and NSE so far.