4:1 Bonus Share Announced & Record Date is Next Month: Stock Trades at High ROE & High ROCE
The stock is up by 72 per cent from its 52-week low of Rs 141.55 per share.
Clara Industries Ltd informed that The Board of Directors of the company has announced bonus shares in the ratio of 4:1 i.e., 4 bonus equity shares against 1 existing equity share, subject to the approval of the shareholders. The company fixed the record date for bonus shares on Monday, July 08, 2024.
On Friday, shares of Clara Industries Ltd gained 3.23 per cent to Rs 243.15 per share with an intraday high of Rs 257 and an intraday low of Rs 228 from its previous closing of Rs 235.55. The stock’s 52-week high is Rs 264 and its 52-week low is Rs 141.55.
Also Read: Rs 85,000 crore order book: Multibagger railway infra company emerges as lowest bidder (L1) for an order worth Rs 191,53,74,279.51 from South Eastern Railway
Established in 2014, Clara Industries Ltd is an Indian manufacturer specializing in industrial packaging solutions. Their product range includes various plastic materials like LDPE, HDPE and PP. They produce items like bags, tapes, films, mats, and even bottles. Clara Industries caters to a diverse clientele across FMCG, consumer goods, hardware, hospitality, and more, with brand names like Delicious, Vikas and Swadisht trusting their packaging solutions.
Talking about the financials, Clara Industries has a market cap of over Rs 100 crore. The company reported amazing numbers in its Quarterly Results (Q4FY24) and annual results (FY24). The shares of the company have an ROE of 46 per cent and an ROCE of 46 per cent. The stock is up by 72 per cent from its 52-week low of Rs 141.55 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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