Poly Medicure has informed that the Board of Directors of the company at its meeting held on February 09, 2010 has recommended bonus shares in proportion of one new equity share of Rs 10 each for every one existing equity share of Rs 10 each held by the shareholders as on record date to be fixed later for this purpose. Further, after the issue of bonus shares, the paid up share capital of the company would be increased from Rs 5,50,62,500 to Rs 11,01,25,000.

The stock is rallying on the back of bonus issue announcement. Poly Medicure touched a 52-week high of Rs 250. The stock touched an intra day high of Rs 250 and an intra day low of Rs 216.20 and at 13:25 PM, the share was quoting at Rs 232, up Rs 18.80, or 8.82%, trading with volumes of 189,529 shares, compared to its 5-day average of 17,328 shares, an increase of 993.76%. Yesterday the share closed up 19.98% or Rs 35.50 at Rs 213.20.