The board of directors of Castrol India Ltd has approved issue of bonus shares in the ratio of 1:1. The company has also announced an interim dividend of Rs 7 per share.
But the bonus announcement had little impact on the share price through the trading volume was huge.
On the NSE, the scrip gained Rs 4.25 to trade at Rs 558.80 but lesser than the day’s high of Rs 567.80. But the trading volume was huge at 5.73 lakh shares.