Lypsa Gems up by 7 per cent on bonus share approval

Lypsa Gems and Jewellery surged 7 per cent in early trade on Friday, May 26, 2017, as the company acquired approval on bonus issue.

The company approved the issue of bonus shares in 2:5 ratio in its meeting held on May 25, 2017. The bonus issue will further require the approval of shareholders in its forthcoming annual meeting.   
    
The company had posted a surge of 600 per cent in its Q4FY17 net profit at Rs 7 crore against Rs 1 crore in the same quarter in the previous fiscal.

At 09:29 hrs IST, Lypsa Gems and Jewellery was trading at Rs 65.50, up by 3.97 per cent on the BSE, on May 26, 2017.