India's GRP hits record high on bonus issue proposal

GRP

27/06/2024 07:14

** Shares of reclaimed rubber maker GRP  GRPI.NS  rise as
much as 20% to 12,468.05 rupees, hitting a record high; last up
16.3%
    ** Co to consider issue of bonus shares on June 29
    ** GRPI on track for third consecutive session of gains; up
~85% in June-quarter so far, set for eighth straight quarter of
gains
    ** Busiest session for the stock since late May; more than
18,000 shares change hands, over five times the 30-day avg 
    ** Stock has more than doubled in 2024 so far, had more than
doubled in 2023 as well for the best year since listing in 2015

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))