Friday, Jun 02, 2023 | New Delhi 31*C

Bonus Share: A company giving 163 percent return in 1 year will give 4 bonus shares on 1 share

Bonus Share: Sakuma Exports, a company that has returned 163 percent to its investors in the last one year, has announced a bonus share. The company sent this information to the stock markets on Monday.
22 Day ago

Bonus Share: Sakuma Exports, a company that has returned 163 percent to its investors in the last one year, has announced a bonus share. The company sent this information to the stock markets on Monday. Along with the bonus announcement, the company has also approved the fund raising plan.

The company gave this information after the market closed on Monday. The stock closed up half a percent in Monday's trading. The impact of this news can be seen in the shares in the next session.

How many bonuses are announced?

The company has said that it will give 4 bonus shares to its investors for every one share. That means every investor who owns one share in the company, after the bonus, his number of shares will increase to 5. The market price of the stock will also decrease accordingly.

Along with bonuses, the company has also allowed raising funds through equity shares. According to the company, it will raise a maximum of Rs 500 crore in one or more rounds. Apart from this, the company's board has also approved an investment plan of Rs 600 crore.

The information said that the company will invest up to Rs 600 crore in direct or step-down subsidiaries in India or outside India, whether already established or to be established further.

How has the stock and company performed?

The company's stock has consistently delivered strong returns to its investors. The stock's 3-year return is over 200 percent. The company has given 163 percent return in one year. By the year 2024, the stock has almost doubled. The stock has gained more than 32 percent in 3 months.

In the March quarter, the company's profit increased by 157 percent compared to last year to Rs. 26 crore has reached. At the same time, net sales fell by 50 percent to Rs 501 crore compared to last year. Compared to last year, EBITDA increased by 90 percent to Rs 29.5 crore.

Disclaimer:  Do not invest in stock market without knowledge. Before investing in any shares you should talk to your financial advisor once. If you do not do so, you may suffer financial loss.

Download App from
playstore
appstore

Cryptocurrency News

Bitcoin Price
₹ 23,15,263 -2.89%
Bitcoin Price
₹ 23,15,263 +2.89%
Bitcoin Price
₹ 23,15,263 +2.89%

Advertisement