Aarti Drugs bonus share issue: Aarti Industries board of directors is going to meet on May 11. It is believed that a decision can be taken to issue bonus shares in that meeting.
About 15 per cent rise in a week.
The market closed sharply on Wednesday with the Reserve Bank’s announcement, but despite opening up on Thursday, the corona dominated the stock market. The Sensex opened 200 points higher at 48877 this morning. The market is witnessing a decline at 10.22 am. At this time, the Sensex was trading at a level of 48615 with a fall of 62 points. At the same time, the stock of Aarti Drugs Ltd is seen rising about 15 percent at this time.
The stock of Aarti Drugs was trading at a level of Rs 813 with a gain of Rs 98 (a rise of about 14 per cent) at 10.25 am. On Wednesday, it had closed at the level of Rs 715 and this morning it opened at the level of Rs 719. During the business, it reached the level of 836 rupees. 1026 is the 52-week high of the company while 175 is 52-week low. The market cap of the company is around 7600 crores.
15 percent rise this week
The stock has gained about 15 per cent in a week and 14 per cent in a month. This company has given about 20 percent in three months and 350 percent in one year. In three years, this stock has given a return of 477 per cent.
Share buyback will run till May 10
Actually, the board of Aarti Drugs decided to buy back the stock on 27 April. In this, the company will buyback 6 lakh shares. The buyback plan will be closed on May 10. The company will buyback of 6 lakh shares i.e. 60 crores value at the rate of 1000 rupees per share. This is the reason why there is a bumper boom in the stock.
Decision will be taken on dividend and bonus shares on May 11
According to the news of Business Standard, Aarti Industries board of directors is going to meet on May 11. It is believed that a decision can be taken to issue bonus shares in that meeting. Apart from this, a decision will also be made regarding dividend. Aarti does business in drugs chemicals and pharmaceuticals.
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