India's Bharat Gears hits 6-month high on bonus share issue proposal

Bharat Gears

17/08/2022 08:00

Aug 16 (Reuters) -    ** Shares of gear manufacturing company Bharat Gears
 BGRS.NS  rise as much as 17.3% to 172 rupees, their highest since Feb. 9
    ** Co said on Tuesday it will consider issue of bonus shares at its board
meeting on Aug. 19  urn:newsml:reuters.com:*:nFWN2ZS1AS
    ** BGRS reported a 32.7% decline in profit for June quarter as cost of
materials and components consumed jumped  urn:newsml:reuters.com:*:nFWN2Z32DM
    ** About 775,000 shares traded by 0635 GMT, 23.4x 30-day avg of 31,320
    ** BGRS shares up 17.66% YTD 


($1 = 79.3400 Indian rupees)

 (Reporting by Navamya Ganesh Acharya)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))