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. 

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