1.34 Lakh Shares Bought by Promoter: Gujarat-Based Company Sees Increased Promoter Interest After 1:1 Bonus Issue; Is Major Development on the Cards?
1.34 Lakh Shares Bought by Promoter: Gujarat-Based Company Sees Increased Promoter Interest After 1:1 Bonus Issue; Is Major Development on the Cards?

1.34 Lakh Shares Bought by Promoter: Gujarat-Based Company Sees Increased Promoter Interest After 1:1 Bonus Issue; Is Major Development on the Cards?

The company recently issued bonus equity shares in the ratio of 1:1, i.e., one bonus equity share of face value Rs. 2 for every existing equity share

Karan Dsij Article rating: 3.7

Mrs. Madhu Narayan Saboo, belonging to the promoter group of the company, acquired 89,594 equity shares on September 27, 2024, for Rs. 1.10 crore. The average acquisition price was Rs. 123.74 per share. Following this acquisition, her shareholding in the company has increased to 5.75 per cent, totaling 81,35,154 equity share

Multibagger Stock: 1:1 Bonus Announced, Earnings Reported, and Major Capacity Expansion Ahead—Watch Out!
Multibagger Stock: 1:1 Bonus Announced, Earnings Reported, and Major Capacity Expansion Ahead—Watch Out!

Multibagger Stock: 1:1 Bonus Announced, Earnings Reported, and Major Capacity Expansion Ahead—Watch Out!

As a gesture of appreciation towards its shareholders and to enhance liquidity, the company's board has recommended a 1:1 bonus issue

Karan Dsij Article rating: 4.0

The installed capacity at this plant increased from 300,000 CBM to 400,000 CBM per annum as of June 1, 2024. The plant is undergoing further capacity expansion, which will boost the installed capacity to 500,000 CBM

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