Sundaram Clayton rose 3.62% to Rs 232 at 11:02 IST on BSE, after the company fixed 12 October 2009 as the record date for a liberal 1:1 bonus issue.
The company announced the record date after market hours on Tuesday, 29 September 2009.
Meanwhile, the BSE Sensex was up 138.38 points, or 0.82%, to 16,991.29.
On BSE, 11,573 shares were traded in the counter as against an average daily volume of 4,261 shares in the past one quarter.
The stock hit a high of Rs 235 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 226 so far during the day. The stock had hit a 52-week low of Rs 53.55 on 13 March 2009.
The company's equity capital is Rs 9.48 crore. Face value per share is Rs 5.
This is the fourth bonus from Sundaram Clayton. The company had earlier issued a 1:3 bonus in 1979, followed by bonus in the ratio of 2:3 in 1987 and a liberal 1:1 bonus in 1996.
Sundaram Clayton reported a net loss of Rs 2.09 crore in Q1 June 2009 as against a net profit of Rs 6.25 crore in Q1 June 2008. Sales declined 26.5% to Rs 93.69 crore in Q1 June 2009 over Q1 June 2008.
Sundaram-Clayton manufactures automotive products. The automotive products include air driers, actuators, automatic slack adjusters and wedge brake chambers.
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