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  Business   Companies  25 Apr 2017  Biocon shares jump nearly 10 per cent on bonus issue plan

Biocon shares jump nearly 10 per cent on bonus issue plan

PTI
Published : Apr 25, 2017, 1:25 pm IST
Updated : Apr 25, 2017, 1:25 pm IST

The company's stock zoomed 9.57 per cent to touch its one-year high of Rs 1,168 on BSE.

On the volume front, 2.47 lakh shares of the company were traded on BSE and over 24 lakh shares changed hands at NSE during the early trade.
 On the volume front, 2.47 lakh shares of the company were traded on BSE and over 24 lakh shares changed hands at NSE during the early trade.

New Delhi: The scrip of biotechnology firm Biocon today surged nearly 10 per cent as the company plans to consider bonus shares at its board meeting on Thursday.

The company's stock zoomed 9.57 per cent to touch its one-year high of Rs 1,168 on BSE. On NSE, it soared 9.68 per cent to Rs 1,168.80 -- its 52-week high.

On the volume front, 2.47 lakh shares of the company were traded on BSE and over 24 lakh shares changed hands at NSE during the early trade.

In a filing to BSE yesterday, the company said, "We wish to inform you that consideration and recommendation to issue bonus shares forms part of the agenda of the meeting of Board of Directors of the company scheduled on Thursday, April 27, 2017."

Tags: bicon, shares, bonus, revenue
Location: India, Delhi, New Delhi