Music Broadcast to consider issue of bonus shares; stock climbs 4%

The board will consider the proposal for the issue of bonus shares at the meeting scheduled on January 27, 2020.

Jan 17, 2020 05:01 IST India Infoline News Service

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Music Broadcast board will consider the proposal for the issue of bonus shares at a meeting scheduled on January 27, 2020.

“The company has informed BSE that the meeting of the Board of Directors of the Company is scheduled on January 27, 2020, inter alia, to consider and approve unaudited financial results for the quarter ended December 31, 2019, along with the limited review reports of the Statutory Auditors thereon,” the company said in the press note on Thursday post-market hours.

Also, to consider the proposal for the issue of bonus shares, it added.

Stock view:
Music Broadcast Ltd is currently trading at Rs27.50, up by Rs1 or 3.77% from its previous closing of Rs26.50 on the BSE.

The scrip opened at Rs28.45 and has touched a high and low of Rs31.50 and Rs27.25 respectively.

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