Penny stock under Rs 100 with 214 per cent jump in net profit; Board announces bonus shares – know the record date inside!

The stock is up by 75 per cent from its 52-week low of Rs 56.35 per share.

Dhyaani Tile and Marblez Ltd informed that the Board of Directors of the company has considered and approved bonus shares in the ratio 9:5, i.e., 9 bonus shares for every 5 equity shares held by the equity shareholders of the company as of the record date given below. As of March 31, 2023, there is a balance of Rs 2,74,31,000 in reserves and surplus accounts.

After rising nearly 40 per cent over the period of 1 year, shares of Dhyaani Tile and Marblez are undergoing a correction and have hit the lower circuit for the third straight day. On Friday, shares of Dhyaani Tile and Marblez Ltd plunged 5 per cent to Rs 98.12 per share from its previous closing of Rs 103.28. The 52-week high of the stock is Rs 193.75 and the 52-week low of Rs 56.35.

According to half-yearly results, the net sales increased by 82 per cent to Rs 10.5 crore, operating profit increased by 222 per cent to Rs 0.29 crore and net profit increased by 214 per cent to Rs 0.22 crore in H1FY24 compared to H1FY23.   

Incorporated in 2014, Dhyaani Tile and Marblez Ltd is in the business of trading commodities, vitrified tiles, ceramic items, security investment and trading. The company has its warehouse and physical store in Ahmedabad where its tile products are traded. The company has a market cap of Rs 14.91 per share.

The company fixed the record date for bonus shares as Tuesday, December 12, 2023. The stock is up by 75 per cent from its 52-week low of Rs 56.35 per share. Investors should keep an eye on this micro-cap stock.

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