Bengaluru, Aug. 14 -- Known for developing and supplying affordable APIs and complex formulations worldwide, this pharmaceutical player is in focus today as its board has proposed a 1:1 bonus share issue, with a record date sparking a sharp move in the stock ahead of formal approvals.

Shilpa Medicare Limited's stock, with a market capitalisation of Rs. 8,967 crores, rose to Rs. 949.90, hitting a high of up to 4.82 percent from its previous closing price of Rs. 906.20. Furthermore, the stock over the past year has given a return of 35.8 percent.

Bonus Issue Shilpa Medicare's board met on 13 Aug 2025 and recommended a 1:1 bonus issue, meaning you get one new share for every share you already own. The bonus will be issued from the company'...