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Biocon Jumps Nearly 10% On Bonus Issue Plan
25 Apr 2017, 02:38 PM IST 
Biocon shares soared 9.68% to hit a 52-week high on the National Stock Exchange.
New Delhi: Biotechnology firm Biocon' shares on Tuesday surged nearly 10 per cent as the company plans to consider bonus shares at its board meeting on Thursday. The company's stock zoomed 9.57 per cent to touch a one-year high of Rs 1,168 on the Bombay Stock Exchange or BSE. On the National Stock Exchange, it soared 9.68 per cent to Rs 1,168.80 - a 52-week high.
On the volume front, 2.47 lakh shares of the company were traded on BSE and over 24 lakh shares changed hands at NSE during early trade.
In a filing to BSE on Monday, the company said, "We wish to inform you that consideration and recommendation to issue bonus shares forms part of the agenda of the meeting of Board of Directors of the company scheduled on Thursday, April 27,"