Kothari Products announced a 1:1 bonus share issue, causing a 7.4% stock rise to Rs 209.70. The issuance will be financed from free reserves, increasing authorized capital to Rs 61.50 crore. Shares surged 58.55% YoY.
Sensex, Nifty rally over 1% as IT stocks drive broad-based market gains
Indian stock gauges rose over one percent on Wednesday. Overseas fund flows are expected to shift into local technology companies. The Nifty and Sensex closed