New Delhi: The scrip of biotechnology firm Biocon on Tuesday surged 9.35% as the company plans to consider bonus shares at its board meeting on Thursday.
The company’s stock zoomed 9.57% to touch its one-year high of Rs1,168 on BSE. The scrip closed up 9.35% at Rs1,165.60 on BSE.
On NSE, it soared 9.68% to Rs1,168.80—its 52-week high before closing at Rs1,152.70, 8.18% higher. On the volume front, 2.47 lakh shares of the company were traded on BSE and over 24 lakh shares changed hands at NSE during the early trade.
In a filing to BSE on Monday, the company said, “We wish to inform you that consideration and recommendation to issue bonus shares forms part of the agenda of the meeting of Board of Directors of the company scheduled on Thursday, 27 April 2017.”