Penny Stock Under Re 1 hits upper circuit: Announces game-changing 1:50 bonus issue with 10.5 per cent dividend yield; promoters forgo bonus entitlement, exclusive to public shareholders
Penny Stock Under Re 1 hits upper circuit: Announces game-changing 1:50 bonus issue with 10.5 per cent dividend yield; promoters forgo bonus entitlement, exclusive to public shareholders

Penny Stock Under Re 1 hits upper circuit: Announces game-changing 1:50 bonus issue with 10.5 per cent dividend yield; promoters forgo bonus entitlement, exclusive to public shareholders

The stock witnessed a surge, hitting the upper circuit limit on November 29, 2023, and achieving a fresh 52-week high of Rs 0.95.

Karan Dsij Article rating: 3.9

Promoters currently command a substantial 75 per cent stake in the company, and the stock boasts an impressive dividend yield of 10.5 per cent – one of the highest for a stock priced below Rs 1. Trading at a book value of 0.08, with the book value standing at Rs 12.4. 

RSS

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR