Bonus issue: Last date for investors to buy this stock which is trading at its upper circuit

The company is issuing a 3:1 bonus share with a record date of July 5

The shares of EKI Energy Services have skyrocketed from Rs 1850 to Rs 2663 in the last 3 trading sessions. On July 1, the stock opened at Rs 1849.99 and closed at Rs 1873.58 with a 1.28 per cent gain. On the next trading day, July 4, the stock opened a 6.7 per cent gap up and managed to close at Rs 2248.3 with 12.4 per cent. Today, on July 5, the stock has once again opened gap up at Rs 2390. 

Currently, at 3 pm, the stock is trading at its upper circuit at Rs 2697.95 with a 20 per cent gain for the day. 

The shares of EKI Energy Services are in strong momentum as investors are rushing to buy the shares on the last date so that they would be eligible for receiving bonus shares of the company. The company is issuing a 3:1 bonus share with a record date of July 5. This means that the investor would be getting 3 additional shares for each share they hold before the market close today. 

EKI Energy also has strong financials. As per the March FY22 period ending, the company has excellent ROE and ROCE of 176 per cent and 236 per cent, respectively. 

EKI Energy Services Ltd is engaged in the business of climate change and sustainability advisory and carbon offsetting, along with business excellence services. The company has a market capitalisation of Rs 7,400 crore and the company is trading at a PE of 19.3x. 

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