With the news of a possible bonus share declaration, Anup Eengnniering's share price increased 13% on Monday reaching Rs. 3081.
The share price opened at Rs. 2863.20 and was trading at a high of Rs. 3175 during the day.
Over the weekend, the company announced that it informed SEBI of a board meeting on declaring bonus shares. This led to positive investor sentiments.
In the past, Anup Eengnniering has only declared dividends twice. So, this will be its first bonus issue. The dates are yet to be announced.
The company makes and sells industrial machinery. In 2023, its stock price soar by 214%.
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