This Article is From Nov 25, 2011

Marathon Nextgen Realty spurts on bonus issue plan

Marathon Nextgen Realty jumped 13.43% to Rs 418.50 at 14:28 IST on BSE, after the company said its board will meet on 31 May 2010 to consider issue of bonus shares.

The company announced the board meet during trading hours today, 25 May 2010.

Meanwhile, the BSE Sensex was down 431.82 points, or 2.62% to 16,037.73.

On BSE, 10,282 shares were traded in the counter as against an average daily volume of 3,162 shares in the past one quarter.

The stock hit a high of Rs 434 and a low of Rs 360 so far during the day. The stock had hit a 52-week high of Rs 567.45 on 12 January 2010 and a 52-week low of Rs 154 on 13 July 2009.

The small-cap stock had underperformed the market over the past one month till 21 May 2010, falling 12.61% as compared to the Sensex's 5.88% decline. It had also underperformed the market in the past one quarter, falling 1.77% as compared to the Sensex's return of 1.57%.

The company's equity capital is Rs 12.64 crore. Face value per share is Rs 10.

The last time the company had issued bonus shares was in October 2007, in the ratio of 2:1.

Marathon Nextgen Realty's net profit surged 63.8% to Rs 39.35 crore on 3.4% fall in net sales to Rs 55.24 crore in Q3 December 2009 over Q3 December 2008.