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AXITA — Axita Cotton News Story

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India's Axita Cotton rises after board nod for bonus share issue

** Shares of Axita Cotton  AXIA.NS  up 2.7% at 30.05 rupees
as of 11:08 a.m. IST
    ** The textile co on Thursday said its board approved bonus
share issue in the 1:3 ratio    
    ** Stock on track for a sixth consecutive session of gain,
if trend holds
    ** More than 2.3 mln shares change hands, 1.8x the 30-day
avg
    ** Stock down nearly 40% YTD


 (Reporting by Ashish Chandra)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))

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