Apr 29, 2013, 12.12 PM IST | Source: Moneycontrol.com

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.

Moneycontrol Bureau

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.

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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.

Emami stock price

On April 23, 2014, Emami closed at Rs 467.30, down Rs 4.15, or 0.88 percent. The 52-week high of the share was Rs 539.40 and the 52-week low was Rs 393.40.

The company's trailing 12-month (TTM) EPS was at Rs 16.49 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 28.34. The latest book value of the company is Rs 44.96 per share. At current value, the price-to-book value of the company is 10.39.

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