Stocks in focus today: The short-term trend of Nifty seems to have cooled off after a decent upside movement. Mankind Pharma is set to make its debut on the stock markets today. Paytm, Marico, Aarti Industries are among the stocks to watch on Monday, May 8, 2023.
Shares of Aarti Industries hit a new high of Rs 1,750 after rallying 7 per cent on the BSE in intra-day trade on Wednesday after the company announced a bonus issue plan. The stock surpassed its previous high of Rs 1,687.40 on Tuesday.
The meeting of the board of directors of the Company is scheduled to be held on Tuesday, May 11, 2021 to consider, recommendation of issue of bonus shares. Earlier, in 2019, Aarti Industries had issued bonus shares in the ratio of 1:1 i.e. one bonus share for every one share held in the company on record date.
The company further said, the board will also consider, approve and take on record audited financial results for the quarter and year ended March 31, 2021. The board will consider and recommend final dividend, if any, for the year ended March 31, 2021, the company said.