The leading stationary company, Linc Ltd witnessed a massive buying trend on Monday, December 9, 2024, after the company fixed the record date for its stock split and bonus issue. The company is all set to split by a 1:2 ratio and offer 1 free share on the existing 1 piece. Linc stock gained over 7% on Monday, to hit an intraday high of Rs 682 apiece. The stock is nearing its 52-week high level.
Linc Ltd:
Linc's share price ended at Rs 676.95 apiece, up by 6.24% on BSE, with a market cap of Rs 1,006.78 crore. The stock's 52-week high and low is at Rs 767.75 apiece and Rs 463.50 apiece respectively. In six months, the stock zoomed by over 16%.
Linc Ltd Stock Split:
The company is going to split in the ratio of 1:2 - meaning a sub-division of each Equity Share of the face value of Rs.10/- (Rupees Ten only) each fully paid-up into 2 (two) Equity Shares of the face value of Rs. 5 /- (Rupees Five only) each, fully paid-up.
To be eligible for this stock split, investors should hold shares of Linc Ltd in their demat accounts by the end of the record date. As per the latest filing, the record date is fixed on December 20, 2024.
Linc Ltd Bonus Issue:
Post-stock split, the company will further reward investors with bonus shares in the ratio of 1:1. This would mean that Linc will issue 1 (one) new fully paid-up Equity Share of Rs.5/- (Rupees Five only) each for every 1 (one) existing fully paid-up Equity Share of Rs.5/- (Rupees Five only) each.
The record date here as well is set on December 20.
Among key fundamentals for the stock, as per Trendlyne data - Stock Price fell 1.87% and underperformed its sector by 38,228.95% in the past year; Price to Earning Ratio is 27.86, lower than its sector PE ratio of 46.43; while Debt to Equity Ratio is zero as the company is debt-free. Additionally, the Return on Equity(ROE) for the last financial year was 16.81%, in the normal range of 10% to 20%. Further, Mutual Fund Holding remained the same in the last quarter at 0%.
About Linc Ltd:
Linc Limited (Formerly known as Linc Pen & Plastics Limited) is one of India's most trusted writing instrument manufacturers with a national and international presence in over 50 countries. The company has a strong and extensive network in South East Asia, Middle East, USA, UK, Europe, South America, Africa, Russia and CIS countries.
The organisation constantly endeavours to bring out new and innovative products and packaging and has an extensive and diverse range of products catering for an assortment of ball pens, gel pens, roller pens, retractable ball pens, dark pencils and other stationery. Linc Ltd is the exclusive importer and distributor of Asia's biggest stationery giant, Deli and world-famous pen brand Uni-ball, Mitsubishi Pencil Co., Japan in India.
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