The members of Larsen & Toubro
through a postal ballet process have approved the issue of bonus shares
in the ratio of 1:2 on July 4, 2017, as reported by the company’s BSE
filing.
The date of July 14, 2017, is set as the record date for the bonus issue of shares. Bonus shares are free shares issued by the company to their existing shareholders. Bonus shares are issued in a ratio of the shares an investor hold. Bonus shares increase the number of shares in the market which changes the Earning Per Share or EPS.
Bonus shares are usually announced by the company with a record date, the date which is considered for the bonus shares. All the investors holding the shares on the record date are eligible for bonus shares.
Stock View:
Larsen & Toubro Ltd is currently trading at Rs 1691.65, up by Rs 7.8 or 0.46% from its previous closing of Rs 1683.85 on the BSE.
The scrip opened at Rs 1686.6 and has touched a high and low of Rs 1696 and Rs 1679.75 respectively. So far 560271(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 157173.33 crore.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 1834 on 30-May-2017 and a 52 week low of Rs 1295.3 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 1723 and Rs 1661.35 respectively.
The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 56.02 % and 42.09 % respectively.
The date of July 14, 2017, is set as the record date for the bonus issue of shares. Bonus shares are free shares issued by the company to their existing shareholders. Bonus shares are issued in a ratio of the shares an investor hold. Bonus shares increase the number of shares in the market which changes the Earning Per Share or EPS.
Bonus shares are usually announced by the company with a record date, the date which is considered for the bonus shares. All the investors holding the shares on the record date are eligible for bonus shares.
Stock View:
Larsen & Toubro Ltd is currently trading at Rs 1691.65, up by Rs 7.8 or 0.46% from its previous closing of Rs 1683.85 on the BSE.
The scrip opened at Rs 1686.6 and has touched a high and low of Rs 1696 and Rs 1679.75 respectively. So far 560271(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 157173.33 crore.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 1834 on 30-May-2017 and a 52 week low of Rs 1295.3 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 1723 and Rs 1661.35 respectively.
The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 56.02 % and 42.09 % respectively.
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