Realty Penny Stock Trading Below Rs 2 To Announce Bonus Shares; When?

In India, KBC Global Ltd previously known as Karda Constructions is a corporation that builds and develops real estate. KBC Global Ltd.'s stock wrapped up Thursday 1.80% higher at Rs 1.13 per share, with a market value of Rs 295.42Cr. This followed the announcement by the firm that bonus shares will be considered and approved by the Board of Directors on Saturday, February 15, 2025.

KBC Global Bonus Shares Announcement Date

"Pursuant to Regulations 29 of SEB] (LODR) Regulation, 2015, this is to inform Exchange that a meeting of the Board of Directors of the Company is scheduled to be held on Saturday, February 15, 2025 at at the registered office of the Company to consider the following: 1. Consider, Recommendation of Issue of Bonus Shares. 2. Alteration of Clause V of the Memorandum of Association of the company 3. Consider and approve name change of the company 4. 2. Any other matter with permission of Chair," said KBC Global in a stock exchange filing.

KBC Global News

"We hereby inform that the Board of Directors at its meeting held through video conferencing on Wednesday 5th February, 2025 at Nashik inter alia considered and approved following agenda: 1. Recommendation to the change of name from KBC Global Limited to Universal JA EPC Infra Limited or such other name as approved by ROC," informed KBC Global to stock exchanges.

KBC Global Financials

From Rs 4.52 crore in the September 2023 quarter to Rs 6.20 crore in the September 2024 quarter, the company's total revenue jumped by 37.17%. From a loss of Rs -13.53 crore in Q2FY24 to a loss of Rs -0.26 crore in Q2FY25, its operating income increased. In the September 2024 quarter, net income dropped the loss from Rs -1.98 crore in the September 2023 quarter to Rs -0.43 crore. In Q2FY25, the firm recorded a net loss of Rs 0.43 crore, a 78.39% fall from the same quarter in FY24. In the September 2024 quarter, its diluted normalised EPS was zero from a loss of Rs -0.02 in the September 2023 quarter. The company is yet to declare its Q3 results for the current fiscal year.

KBC Global Share Price Target

"KBC Global stock price is bearish but also oversold on the Daily charts with support at 1.09. Investors should buy only if the daily close is above the resistance of 1.22 for a target of 1.6 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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