1:1 Bonus Share Stock: Record Date Revised From 24th To 27th January; Stock Market Jackpot?

Mumbai, India is home to the real estate development company Shraddha Prime Projects Limited. Prior to its 1993 incorporation, the business was known as Towa Sokki Limited. Following the company's revision of the record date for 1:1 bonus shares, Shraddha Prime Projects' shares finished Friday 2.62% higher at Rs 221.60 per share, with a market capitalisation of Rs 448.35Cr.

Shraddha Prime Projects Bonus Shares Record Date

"This is further to our letter dated January 21, 2025 for fixing the record date as Friday, 24th January, 2025 for issue of bonus shares in the ratio of 1:1. In this regard, we wish to inform that the Company is revising the record date to Monday, January 27, 2024 for the purpose of determining the equity shareholders of the Company eligible for the bonus equity shares of the Company," said Shraddha Prime Projects in a stock exchange filing.

Shraddha Prime Projects Financials

Compared to the September 2023 quarter's net revenue of Rs 11.18 crore, the company's September 2024 quarter net revenue of Rs 37.60 crore represented a 236.36% growth. From Rs. 2.15 crore in Q2FY24 to Rs. 7.29 crore in Q2FY25, its net profit jumped by 239.55%. EBITDA improved 213.69% from Rs. 3.36 crore in the September 2023 quarter to Rs. 10.54 crore in the September 2024 quarter. The results for the December 2024 quarter or Q3FY25 have not yet been made public by the firm.

Shraddha Prime Projects Share Price Target

"Shraddha Prime Projects stock price is bearish on the Daily charts with strong resistance at 231. A Daily close below support of 209 could lead to a target of 190 in the near term," said A R Ramachandran, Independent Research Analyst.

Disclaimer

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