Engineers India trades 1:1 ex-bonus; stock down over 5%
Updated on 30 Dec 2016
Your place to Learn and Earn
Engineers India dipped nearly 7% to Rs 156 on the BSE in early morning trade on profit booking as the stock trading ex-bonus on Friday in the ratio of 1:1.
The state-owned company has fixed January 02, 2017 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1:1 i.e. 1 (one) new equity bonus share of Rs 5 each for every 1 (one) existing fully paid-up equity share of Rs 5 each held.
Since November 8, the stock had outperformed the market and rallied 24% after the Engineers India said that the board will meet on November 16, to consider the issue of bonus shares. During the period, the S&P BSE Sensex was down 4.4% till Thursday.
At 09:25 am; the stock was down 5.5% at Rs 158 as compared to 0.56% rise in the benchmark index. A combined 2.39 million shares have already changed hands on the counter in first 10 minutes of trade on the BSE and NSE.
Disclaimer: Information presented on this site is a guide only. It may not necessarily be correct and is not intended to be taken as financial advice nor has it been prepared with regard to the individual investment needs and objectives or financial situation of any particular person. Stock quotes are believed to be accurate and correctly dated, but www.stockmarketindian.com does not warrant or guarantee their accuracy or date.
www.stockmarketindian.com takes no responsibility for any investment decisions based on recommendations provided on website.
Financial contents like Technical charts, historical charts and quotes are taken from NSE and Yahoo sites.
Note - All quotes are delayed by 15 minutes and unless specified.
Google Adsense Ads are posted on every page of the website so visitors clicking on Ads and going to those links and carrying any financial deal is not at all related to www.stockmarketindian.com and any financial deal should be done on their own sole responsibility.
Please read our Disclaimer page before using any material or advice given at www.stockmarketindian.com