Emami to consider bonus issue, up 1% amid hefty volumes
Shares of Emami, the producer of cosmetic goods and toiletries, rose one percent amid large volumes as the company will consider bonus issue on May 6.
Hopes of a bonus issue on May 6 pushed up shares of Emami, the producer of cosmetic goods and toiletries, by one percent amid large volumes.
"The meeting of board of directors of the company will be held on May 06, 2013, to approve audited annual accounts for the year ended March 31, 2013, to consider and if thought fit, to recommend a dividend for the said year and/or to recommend issue of bonus shares to the equity shareholders," Emami said.
At 11:58 hours IST, the stock was up 1 percent at Rs 620.90 on Bombay Stock Exchange.
Trading volumes jumped nine times to 59,501 equity shares as compared to its five-day average of 6,462 shares.