Penny Stock Under Rs 20: The Company Announces Bonus Issue With A Ratio of 5:1; Increasing the Share Capital from Rs 100,00,00,000 to Rs 140,00,00,000
The stock price has given a strong return of 44.28 per cent in the last three months.
Gujarat Toolroom Ltd informed the Board of Directors of the Company at its meeting held yesterday, January 06, 2025. The Board of Directors of the company in its meeting held yesterday has considered and approved the issuance of bonus Equity Shares. in the ratio of 5:1 i.e. 5 (five) new fully paid-up equity shares of Rs 1/- (Rupee One Only) each for every 1 (one) existing fully paid-up equity share of Rs 1/- (Rupee One Only) each, to the eligible equity shareholders of the Company as on the record date, by the capitalisation of securities premium received in cash and/or free reserve; subject to the approval of the members through Postal Ballot.
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The company considered & approved Increasing the Authorized Share Capital of the Company from Rs 100,00,00,000/- to Rs 140,00,00,000/- subject to the approval of the members through Postal Ballot.
On Tuesday, shares of Gujarat Toolroom slipped 5 per cent to lock in lower circuit. The company has a market capitalisation of Rs 398 crore and is currently trading at Rs 17.1. Over the past 52 weeks, the stock has reached a high of Rs 45.9 and a low of Rs 10.8. The stock price has given a strong return of 44.28 per cent in last three months.
The company has a market cap of Rs 398 crore. According to the latest Quarterly Results, the net sales increased by 72.61 per cent to Rs 257 crore and net profit increased by 92.85 per cent to Rs 27 crore in Q2FY25 compared to Q2FY24.
About the Company
Gujarat Toolroom Ltd engages in trading business. The firm deals with wide range of products including Silver Conductive Ink, Agriculture Commodities, Construction Materials, Fabrics, and trading of Equity Shares. The Silver Conductive Ink is engaged in the business of trading of Silver Conductive Ink. The Agriculture Commodities deals in a variety of agricultural products including grains, pulses, and mustard. The Construction Materials trade a wide range of products including steel, various range of TMT bars, and other building materials. The Fabrics trading segment involves the sourcing and distribution of textiles, including various types of polyster. The trading of Equity Shares segment involves the buying and selling of shares in both domestic and international markets. The company was founded on March 25, 1983 and is headquartered in Ahmedabad, India.
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Disclaimer: The article is for informational purposes only and not investment advice.