GRP Ltd stock jumps 20% after company announces 3:1 bonus issue

Shares of GRP Ltd opened higher at ₹13,650.05 in Monday's trading session, hitting a 20% upper circuit at ₹15,443, marking a new 52-week high. The surge followed news of the board approving a 3:1 issue of bonus shares from general reserves to equity shareholders, each receiving three new fully paid-up Equity Shares for every one held.