Minal Engineering has hit the upper limit of the circuit filter at 5% after the company announced that the board of directors will meet on Friday, July 09, to consider a bonus issue.
 
The company engaged in the manufacturing of high precision dies, moulds, tools and engineering components, had last issued bonus shares in the ratio of 19:5 in 2006.
 
The stock opened at maximum higher limit of the day and trading at 52-week high level of Rs 87.75. It has appreciated 176% in last one month from Rs 31.85 on June 7.
 
The counter has seen hectic trading, with 536,000 equity shares changing hands so far, as compared to 26,000 shares that were traded per day in last two weeks. There are pending orders for 133,963 equity shares on the BSE.