The company's stock price surged after it announced that the Board of Directors of the company has approved bonus shares in the ratio of 4:5 i.e., 4 (Four) bonus equity shares of Rs 10 each for every 5 (Five) fully paid-up equity shares of Rs 10 each held by the Members of the company as on the record date, in place of 5:4, subject to the approval of the members of the company.
Focus Business Solution Ltd in the business of recovery and collections for banks and financial institutions. The company has a market cap of 22.93 crore.
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Additionally, the company reported excellent numbers in its half-yearly and annual results. The net sales increased by 27.50 per cent to Rs 9.85 crore and net profit skyrocketed 325 per cent to Rs 0.34 crore in H2FY23 compared to H2FY22.