India's Shivalik Bimetal soars ahead of bonus share issue

Shivalik Bimetal Controls

12/10/2022 07:53

** Shares of Indian thermostatic bimetal maker Shivalik
Bimetal Controls  SHVB.NS  rise as much 16.1% to 504.85 rupees
    ** Shares up after a five-day losing streak, touch their
highest level since Oct 3
    ** Co had fixed Oct 13 as date for bonus share issue of 19.2
mln shares
    ** More than 114,000 shares change hands vs 30-day avg of
189,698 shares
    ** Shivalik stock up 73% this year, up to last close
     ($1 = 82.2020 Indian rupees)
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))