1:1 Bonus Issue, 1:10 Stock Split Declared Post Mkt Hours: Small Cap Stock Gains 245% In 3-Months

Small cap company from the trading & distributors industry, Tine Agro Ltd shares hit 2% upper circuit and 52-week high after the company declared 1:1 bonus share and 1:10 stock split on February 8, 2024 post market hours. Last trading price of Tine Agro shares on BSE is Rs 275.20 apiece with intraday gain of 1.98%. Tine Agro shares witnessed a rally of 3059% in last 6-months.

On BSE, the PB of the Tine Agro is -7.95, PE is 0.53, EPS is 513.05 and ROE is -1511.95. In combination with the P/B ratio, it offers investors understanding into a company's growth prospects. Ideally, it is favoured by value investors that an organisation's ROE grows in tandem with its profit-to-book value ratio.

Tine Agro Declares 1:10 Stock Split: According to the BSE filing of the company dated February 8, 2024, "Sub-division of 1 (One) Equity share of face value of Rs 10/-(Rupees Ten only) each fully paid-up to 10 (Ten) Equity shares of the face value of Re 1 (Rupee One only) each fully paid-up. Details as per the SEBI circular is enclosed as Annexure I."

Tine Agro Announces 1:1 Bonus Share: As per the BSE filing of the company dated Feb 8, "Bonus Issue of Equity Shares in the ratio of 1:1 i.e., 1 Equity Shares of Re 1/- each for every 1 Equity Share of Re 1/- each held by the shareholders of the Company as on the Record Date (to be determined by the Board and will be intimated to the exchange), subject to the approval of members of the Company by Extraordinary General Meeting."

Tine Agro Stock Performance & Return: The 52-week high price of Tine Agro shares on BSE is Rs 275.20 apiece and 52-week low price is Rs 6.70 apiece, respectively. Tine Agro shares have been hitting back to back 52-week high and upper circuits since February 2, 2024. The company has a market capitalisation of Rs 691.12 crore. Tine Agro shares offered return of 2852% in last 1-year and rallied 1005% in last 2-years.

Tine Agro About: Tine Agro came into existence in 1994. It is engaged in the industry of trading. It also operates as an agriculture and commodity company. It develops agricultural and forest resources based industries.

Disclaimer:

The stock highlights the bonus share, stock split, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.