Srinivasa Hatcheries Board recommends 1:1 Bonus Issue

Srinivasa Hatcheries Ltd has announced that the Board of Directors of the Company at its meeting held on March 31, 2010, have recommended issue of bonus shares in the ratio of 1:1 i.e., one bonus share for every existing share, subject to the approval of shareholders through postal ballot.

The stock was trading at Rs.156.90, up by Rs.6 or 3.98%. The stock hit an intraday high of Rs.165 and low of Rs.152.45.

The total traded quantity was 50617 compared to 2 week average of 16087.

Source : Equity Bulls

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