India's Ducon jumps after issuing bonus shares

Ducon Infratechnologies

28/02/2022 04:30

** Shares of Indian clean energy technology firm  DUCO.NS 
rise as much as 4.9% to 25.55 rupees - set for a five-session
winning streak
    ** Co to offer a bonus issue https://bit.ly/3tdh4pS of 1
share for every 10 shares held by shareholders 
    ** Co increases authorised capital to 300 mln rupees ($3.96
mln) from 25 mln rupees
    ** Earlier this month, co reported Dec-qtr https://bit.ly/3sp92Lt
 net profit of 15.1 mln rupees, nearly double from a year-ago 
    ** As of Friday's close, DUCO has risen more than two-fold
in value in a year

($1 = 75.7800 Indian rupees)

 (Reporting by Ahmed Farhatha in Bengaluru)
 ((Reuters Messaging:
ahmed.farhatha.thomsonreuters.com@reuters.net))