Benefit is benefit, this company will give bonus of 10 shares on 1 share, bonus will be given from above

Share News: The company has announced a double gift for the shareholders. Along with the bonus shares, shareholders will also get the benefit of a share split, the record of which is next week.

3 Month ago

A company listed on the Indian stock market has made a big announcement for investors. The company has also announced a share split along with the bonus. In this way the company is giving double benefit to the investors. The name of this company is Cupid.

On Friday (March 29), shares of Cupid rose 3.24% to close at ₹2430.45 on the Bombay Stock Exchange (BSE). This stock has seen an increase of over 19% in the last 5 sessions. The market capitalization of this company was ₹ 3261.12 crore. However, the stock fell on Monday, trading down 3 percent at 2,345.00.

The company had announced a stock split in the ratio of 1:10. Shareholders will get 10 shares for each share. The record date for this Cupid stock split is April 4, 2024.

Apart from the share split, the company has also announced the issuance of bonus shares. The company said that the board has also decided to issue bonus shares in 1:1 ratio. Shareholders will be issued one additional share for each share held by the company. The record date for bonus shares has also been fixed as April 4, 2024.

In the December quarter of FY2024, the company's revenue grew 16% year-on-year to ₹34.46 crore. During this period the profit increased by 73% to Rs. 5.11 crore has been made. The company's operating profit also increased by 132% year-on-year to ₹12.15 crore.