BHEL announces bonus issue; shares rise

Bharat Heavy Electricals Ltd, India’s largest power equipment maker, on Friday announced issue of bonus shares in the ratio of 1 share for every 2 existing shares. Shares of the company were trading 1.65 per cent up at Rs 130.90 around 1.15 pm (IST). The scrip opened at Rs 132 and touched a high and low of Rs 132.25 and Rs 130, respectively, in trade so far. Benchmark BSE Sensex was down 292 points, or 0.90 per cent, at 32,077 at around the same time. ref: http://economictimes.indiatimes.com/markets/stocks/news/bhel-announces-bonus-issue-shares-rise/articleshow/60792611.cms