Emami jumps on bonus news

There is a lot of action on the counter of Emami today morning, with volumes soaring over 3 times. The stock price soared over 7% to Rs.1204.

The cheer is on account of its announcement that its Board will be meeting on 3rd May to consider issue of bonus shares.

The company, had earlier issued a bonus in June’13 in the ratio of 1:2 (i.e. one bonus equity share of Re 1 each for every two fully paid equity shares of Re 1 each held).