1.34 Lakh Shares Bought by Promoter: Gujarat-Based Company Sees Increased Promoter Interest After 1:1 Bonus Issue; Is Major Development on the Cards?
1.34 Lakh Shares Bought by Promoter: Gujarat-Based Company Sees Increased Promoter Interest After 1:1 Bonus Issue; Is Major Development on the Cards?

1.34 Lakh Shares Bought by Promoter: Gujarat-Based Company Sees Increased Promoter Interest After 1:1 Bonus Issue; Is Major Development on the Cards?

The company recently issued bonus equity shares in the ratio of 1:1, i.e., one bonus equity share of face value Rs. 2 for every existing equity share

Karan Dsij Article rating: 3.7

Mrs. Madhu Narayan Saboo, belonging to the promoter group of the company, acquired 89,594 equity shares on September 27, 2024, for Rs. 1.10 crore. The average acquisition price was Rs. 123.74 per share. Following this acquisition, her shareholding in the company has increased to 5.75 per cent, totaling 81,35,154 equity share

Promoter-Madhu Narayan Saboo Bought 89,594 Shares & 1:1 Bonus Share: Gujarat-Based Cement Block Manufacturer; Scrip Trades at High ROE & High ROCE
Promoter-Madhu Narayan Saboo Bought 89,594 Shares & 1:1 Bonus Share: Gujarat-Based Cement Block Manufacturer; Scrip Trades at High ROE & High ROCE

Promoter-Madhu Narayan Saboo Bought 89,594 Shares & 1:1 Bonus Share: Gujarat-Based Cement Block Manufacturer; Scrip Trades at High ROE & High ROCE

The stock gave multibagger returns of 975 per cent in 3 years and a whopping 4,400 per cent in 5 years.

Kiran Shroff Article rating: 4.2

The stock gave multibagger returns of 975 per cent in 3 years and a whopping 4,400 per cent in 5 years.

1:1 Bonus Share Announced by Gujarat-Based Cement Block Manufacturer; Scrip Trades at High ROE & High ROCE – Check Record Date Inside!
1:1 Bonus Share Announced by Gujarat-Based Cement Block Manufacturer; Scrip Trades at High ROE & High ROCE – Check Record Date Inside!

1:1 Bonus Share Announced by Gujarat-Based Cement Block Manufacturer; Scrip Trades at High ROE & High ROCE – Check Record Date Inside!

The stock gave multibagger returns of 1,100 per cent in 3 years and a whopping 4,925 per cent in 5 years.

Kiran Shroff Article rating: 4.3

The shares of the company have an ROE of 34 per cent and an ROCE of 24 per cent.

1:1 Bonus First-Ever Announced by Gujarat-Based Stock: Promoters Waive Their Dividend for Expansion – Don’t Miss Action in This Stock!
1:1 Bonus First-Ever Announced by Gujarat-Based Stock: Promoters Waive Their Dividend for Expansion – Don’t Miss Action in This Stock!

1:1 Bonus First-Ever Announced by Gujarat-Based Stock: Promoters Waive Their Dividend for Expansion – Don’t Miss Action in This Stock!

Notably, the Promoter Group, which holds 60.18 per cent of the company's shares, has waived its dividend for FY2023-24 to support the company's upcoming expansion plans.

Karan Dsij Article rating: 3.9

During its Annual General Meeting, the company approved the issuance of bonus equity shares in the ratio of 1:1, meaning one bonus share of Rs. 2 each for every existing share of the same value held by shareholders as of the record date

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DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
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