Buzzing On The Bourses Godrej Cons Extend Gains

Godrej Consumer Products Limited was buzzing on the bourses since the stock has extended its Tuesday’s gains.

The Godrej Consumer Products Limited stock has attracted high volumes in the morning hours on Wednesday. Though the share price on Wednesday is trading lower, the high volumes may help the stock to hold the Tuesday’s gains. As per the data available with the National Stock Exchange (NSE) the traded volume stands at 2,12,592 share with traded value of Rs 40.8 Cr. The stock has surged by around 5% in the past five trading sessions.

Godrej Cons on Tuesday after its Board meet had declared a fourth interim dividend at Rs. 12 per share (face value of Re. 1 each) for the financial year 2016-17.

The issue of bonus shares was also declared in the ratio of 1:1, i.e. one bonus equity share of Re. 1 each for every one fully paid-up equity share held, as on the record date. The record date to ascertain members eligible to receive bonus shares will be fixed in due course.

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About Suhani Varma

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