Marathon Nextgen zooms on its bonus issue plan

Marathon Nextgen Realty is currently trading at Rs 425, up by 56.05 points or 15.19% from its previous closing of Rs 368.95 on the BSE.

The scrip opened at Rs 364.50 and has touched a high and low of Rs 434 and Rs 360 respectively. So far 11,081 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs 10 has touched a 52 week high of Rs 567.45 on 12-Jan-2010 and a 52 week low of Rs 154 on 13-Jul-2009.

Last one week high and low of the scrip stood at Rs 434 and Rs 360 respectively. The current market cap of the company is Rs 537 crore.

The promoters holding in the company stood at 89.14% while Institutions and Non-Institutions held 0.01% and 10.85% respectively.

Marathon Nextgen Realty has informed that a meeting of the board of directors of the company will be held on May 31,2010, to consider the issue of bonus shares by capitalizing the General Reserve.

The company’s board will also consider the recommendation of a dividend, if any.