 "EIL")
The company has fixed January 02, 2017 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1:1 i.e. 1 (one) new equity bonus share of Rs 5 each for every 1 (one) existing fully paid-up equity share of Rs 5 each held.
Since November 8, the stock of state-owned company has rallied 24% after the Engineers India said that the board will meet on November 16, to consider the issue of bonus shares. The S&P BSE Sensex is down 4.7% during the same period.
At 10:17 am; the stock was up 2% at Rs 324 on the BSE against 0.33% rise in the in benchmark index. A combined 1.45 million shares changed hands on the counter on the BSE and NSE so far.
