Shares of Astral Poly Technik advanced 5 per cent to Rs 2,332 on the BSE in Monday s intra-day trade after the company said it has fixed March 19 as the record date for the 1:3 bonus share issue. The stock of the plastic products manufacture surpassed its previous high of Rs 2,249.95 touched on March 2. “The company has fixed Friday, March 19, 2021, as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus equity shares in the proportion of 1 equity share of Re 1 each for every 3 existing equity shares of Re 1 each, subject to the approval of shareholders which is being obtained through postal ballot,” Astral Poly Technik said in an exchange filing.
Shares of Astral Poly Technik climbed 5 per cent to Rs 1,731 on the BSE in Thursday s intra-day trade, in an otherwise weak market, after the company said it would consider a bonus issue plan next month. At 09:19 am, the stock of the plastic products company was trading 3.5 per cent higher at Rs 1,708 as against a per cent decline in the S&P BSE Sensex. The stock had hit a record high of Rs 1,841, on December 31, 2020. The company s board of directors is scheduled to meet on February 3, 2021, to consider a proposal for the issue of bonus equity shares. The board will also consider the unaudited financial results for the quarter and nine months ended December 31, 2020 (Q3), the company said in an exchange filing.