Low PE Penny Stock Under Rs 5; Board Announces 3:5 Bonus Shares

The stock is down by 41 per cent from its 52-week high of Rs 3.77 while it is up by 86.60 per cent from its 52-week low of Rs 1.19 per share.

Mayukh Dealtrade Limited has declared a bonus issue of 3 new equity shares for every 5 existing shares, to be issued by capitalizing its Securities Premium Account (Ratio 3:5). This move will increase the company's equity share capital from Rs 12 crore to Rs 19.2 crore. The bonus shares are expected to be credited to shareholders' demat accounts by January 30, 2025, subject to shareholder approval at an Extraordinary General Meeting conducted through video conferencing.

Additionally, Mayukh Dealtrade Ltd. is pleased to announce that it has received a purchase order from Mangalam Brands Pvt Ltd for 10,000 units of the Mayukh Electric Kapoor Dani (Wooden). This single order is a significant milestone for the company and underscores the growing demand for its innovative products.

Mayukh Dealtrade Ltd, established in 1980, manufactures and sells burners. The company's product line includes camphor sticks and various aroma burners, such as Mantra Aroma Burner, Brilliance with Timer, and Navkar Mantra Aroma Burner. In July 2021, they launched the Brilliance with Timer aroma burner and expanded their business by acquiring a 60 per cent stake in Mayukh Medi Care Private Limited, a subsidiary focused on medical and general stores.

On Tuesday, shares of Mayukh Dealtrade Ltd gained 0.45 per cent to Rs 2.22 per share from its previous closing of Rs 2.21 per share. The stock is down by 41 per cent from its 52-week high of Rs 3.77 while it is up by 86.60 per cent from its 52-week low of Rs 1.19 per share. The company has a market cap of Rs 26 crore and investors should keep an eye on this penny stock.

Disclaimer: The article is for informational purposes only and not investment advice.