20.7 C
New York
Thursday, June 24, 2021

Aarti Drugs approves 3:1 bonus issue, shares jump 16% to record high

Must read

RBI prescribes dividend ceilings for NBFCs

​These guidelines follow draft norms issued by the central bank in December 2020.

Rite Aids Plunges As Revenue Growth Underwhelms

Stock Markets6 minutes ago (Jun 24, 2021 11:37AM ET) (C) Reuters. By Dhirendra Tripathi Investing.com - Rite Aid (NYSE:RAD) slumped 14% Thursday as 2.2% growth in...

U.S. Justice Dept urges states to help prevent evictions during COVID-19 pandemic

Coronavirus6 minutes ago (Jun 24, 2021 11:36AM ET) (C) Reuters. FILE PHOTO: Protesters surround the LA Superior Court to prevent an upcoming wave of evictions...

Senators brief top Republican on infrastructure deal ahead of Biden meeting

Economy7 minutes ago (Jun 24, 2021 11:36AM ET) (C) Reuters. U.S. President Joe Biden delivers remarks after a roundtable discussion with advisors on steps to...

Mumbai: Aarti Drugs approved bonus share issue in 3:1 ratio on Thursday, sending its shares soaring as much as 15.7 per cent to an all time high of Rs 2,790.

At 2:20 pm, the shares pared some gains, and were trading 15.2 per cent higher at Rs 2,777.15 on the BSE, while benchmark Sensex dropped 1 per cent to 38,225.

The company, which manufactures bulk drugs and chemicals, said on Monday its board will meet later this week to consider a proposal for issue of bonus shares.

The company has delivered a stellar set of numbers for the June quarter, even as Covid-19 pandemic disrupted economic activity across the globe.

Aarti Drug’s net profit rose 281 per cent to Rs 85.45 crore in the quarter ended June while sales rose 34 per cent to Rs 544.67 crore in the quarter from a year ago.

The stock has seen a fantastic run, with its stock jumping 373 per cent for the year to date, taking the gains for the last decade to 3,808 per cent.

- Advertisement -

Latest article

RBI prescribes dividend ceilings for NBFCs

​These guidelines follow draft norms issued by the central bank in December 2020.

Rite Aids Plunges As Revenue Growth Underwhelms

Stock Markets6 minutes ago (Jun 24, 2021 11:37AM ET) (C) Reuters. By Dhirendra Tripathi Investing.com - Rite Aid (NYSE:RAD) slumped 14% Thursday as 2.2% growth in...

U.S. Justice Dept urges states to help prevent evictions during COVID-19 pandemic

Coronavirus6 minutes ago (Jun 24, 2021 11:36AM ET) (C) Reuters. FILE PHOTO: Protesters surround the LA Superior Court to prevent an upcoming wave of evictions...

Senators brief top Republican on infrastructure deal ahead of Biden meeting

Economy7 minutes ago (Jun 24, 2021 11:36AM ET) (C) Reuters. U.S. President Joe Biden delivers remarks after a roundtable discussion with advisors on steps to...

Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.97%

Stock Markets8 minutes ago (Jun 24, 2021 11:35AM ET) (C) Reuters. Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.97% Investing.com - Denmark...