What to watch. Indian Hume Pipe: eyes on bonus ratio, results

The board of Indian Hume Pipe will meet on Wednesday to consider issue of bonus shares to existing shareholders by capitalisation of free reserves. The board will also consider the unaudited financial results for the second quarter and first half year ended September 30, 2016. If approved, this would be the maiden bonus issue from the maker of prestressed concrete pipes. The stock will remain in focus on account of both bonus (ratio) and result (PAT and topline) announcements.