Stock Market News Update: Record Date Fixed, This Company is Going To Give 4 Bonus Shares on 1 Share, Share Price is Rs 235
Yuva Patrkaar, New Delhi : Hello Friends! Welcome to our post. Today we are going to tell you about the share of such a company with the help of this article. Which can give you strong returns. Actually, this company had announced to give bonus shares to the investors, for which now the record date has also come. And this company is going to give bonus shares to its investors in the ratio of 4:1. So friends, let us quickly know about it in detail-
What is the company name?
So friends, the company we are going to talk about today. Its name is Anmol India. And this is a coal trading company. Which works to import coal from abroad. The company has done exceptionally well on D Street this year. Please tell that its current price is ₹ 235.75.
What did the company say?
The board of the said company has approved the bonus ratio of 4:1 to the investors. it means. Investors are now going to get 4 shares as bonus for 1 share. And for this the company has fixed the record date on 18 July 2023.
change in management
The company's board has also approved the re-appointment of Vijay Kumar, managing director, for a period of 5 years with effect from May 27. Now there can be a change in its management as well. The stock has gained up to 58% in YTD this year. If we talk about the stock of this company, then it has gained 47% in 1 year and 68.39% in 6 months. Its 52 week high level is ₹259.00. And the 52 week low level is ₹134.40.
What is bonus share?
Let us tell you that a company issues bonus shares to its shareholders with the aim of increasing the liquidity of its stock as well as reducing its stock price to make it affordable for investors.
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