Gold Silver Reports (GSR) – City Union Bank Gains On Bonus Announcement – Shares of the lender extended gains for the second day and rose as much as 2.7 percent, the most in three weeks to Rs 186.5. The bank’s board had proposed a bonus of 1:10 and fixed July 11 as the record date, according to its statement on the exchanges.
The stock is 9.9 percent below the Bloomberg consensus on-year price target. The scrip returned 3.4 percent so far this year.
Bajaj Electricals Expects 10-20% Growth In Consumer Products
Bajaj Electricals Ltd. expects about 15-20 percent growth in consumer products business and 25-30 percent growth from EPC, its Chairman and Managing Director Shekhar Bajaj told BloombergQuint in an interaction.
