For Quick Alerts
For Daily Alerts

    Infosys Surges Over 1% After Fixing Record Date For Bonus Share Issuance


    Shares of Infosys surged as much as 1.32% after the company informed the leading exchange BSE that it has fixed the record date in respect of issuance of bonus shares as September 5, 2018. The stock will become ex-date for issue of bonus shares on September 4, 2018.

    Infosys Surges Over 1% After Fixing Record Date For Bonus Share Issuance

    The company in the last week saw another high profile exit of CFO M. D. Ranganath, following which the scrip of Infosys was dragged lower by as much as 3.6%. The scrip on August 17, 2018 hit an all time high of Rs. 1,437 on the BSE.

    The company in a filing to the exchange informed that the resignation of the company's CFO has been accepted and he will remain in office until November 16, 2018. Meanwhile, the company will begin the search for his replacement.

    Motilal Oswal maintains a buy call on the stock with a target price of Rs. 1600 for a share.

    Meanwhile, in today's early morning trade, both the Sensex and Nifty scaled to new record highs tracking global cues and buying in banking, FMCG and metal stocks. Sensex was last trading at 38,604 while Nifty also crossed 11,650 points.

    Read more about: infosys bonus share record date
    Story first published: Monday, August 27, 2018, 11:07 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more