Elgi Equipment share price jumped 20% intraday on August 14 after the board approved a bonus issue.
The company board of directors considered and recommended the issue of bonus shares in the proportion of one equity share of Re 1 each for every one equity share held by the shareholders as on the record date as may be determined by the board, the company said.
The issue of bonus shares is subject to the approval of the shareholders and regulators as may be required.
At 15:06 hours, Elgi Equipments was quoting at Rs 248.60, up Rs 33.80, or 15.74% on the BSE.
The share touched its 52-week high Rs 309.60 and 52-week low Rs 102.25 on October 1, 2019, and April 7, 2020, respectively.
Currently, it is trading 19.7% below its 52-week high and 143.13% above its 52-week low.
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