Relicab Cable Manufacturing stock hits 52-week high after board nods bonus issue

13 Jun 2022 , 10:33 AM

Relicab Cable Manufacturing Ltd stock hits 52-week high at Rs58.65 per piece on Monday post outcome of Board meeting held on June 10, 2022.

At the meeting held on June 10, 2022 the Board has considered and approved the issue of Bonus shares in the ratio of 74:100 fully paid-up equity shares for every 100 existing fully paid-up equity share held by the shareholders, subject to the approval of the shareholders of the Company.

On Monday at around 10:35 AM, Relicab Cable Manufacturing was trading at Rs58.65 per piece higher by 10.66% as against previous closing at Rs53 per piece on the BSE.