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Friday, July 14, 2017

L&T, BPCL trade ex-bonus today, stocks gain 2-3%

Bharat Petroleum Corporation has approved issue of bonus shares in the ratio of 1:2 by way of capitalisation of its reserves.

Shares of Larsen & Toubro (L&T) and Bharat Petroleum Corporation (BPCL) rose 2-3 percent intraday Thursday after both stocks adjusted for bonus shares issue.

On May 29, 2017 L&T has approved the issue of bonus shares in the ratio of 1:2.

The post-bonus paid-up share capital is expected to be around Rs 283,48,42,834, consisting of 141,74,21,417 equity shares of Rs 2 each, company said in release.

Bharat Petroleum Corporation has approved issue of bonus shares in the ratio of 1:2 by way of capitalisation of its reserves.

GPT Infraprojects and City Union Bank were also trading ex-bonus today. GPT announced bonus issue in the ratio of 1:1 and City Union Bank 1:10.

GPT Infraprojects gained 7.4 percent and City Union Bank rose 7 percent intraday Thursday.

At 15:06 hrs Bharat Petroleum Corporation was quoting at Rs 459.95, up 0.84 percent and Larsen & Toubro was quoting at Rs 1,175.65, up 1.33 percent on the BSE.
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