1:1 Bonus Issue Declared: Small Cap Auto Ancillaries Stock Rallies 27% In 2-Weeks

Small cap stock operating in Auto Ancillaries sector, FIEM Industries Ltd shares today hit fresh 52-week high soon after the company declared bonus share in the proportion of 1:1. It implies shareholders will be eligible to receive 1 bonus share for every 1 share held as on the record date.

Last trading price of FIEM Industries share on BSE is Rs 2537.00 per share with intraday gain of 1.98%. FIEM Industries shares gained 27% in last 2-weeks only and surged 39% in last 6-months. Check details below:

FIEM Industries Declares 1:1 Bonus Share On Jan 15, 2024: As per the BSE filing of the company dated today, "Board considered and recommended the issue of Bonus Shares to the shareholders of the Company in the ratio of 1 (one) Bonus equity share of Rs. 10 each fully paid-up for every 1 (one) existing equity share of Rs. 10 each fully paid-up (in the ratio of 1:1) held by the shareholders as on the "Record Date", subject to approval of the shareholders and other regulatory approval, as may be required in this regard."

FIEM Industries Sets Record Date For Bonus Issue: As per the regulatory filing, "In compliance of Regulation 42 of Listing Regulations, it is hereby informed that February 28, 2024 has been fixed as 'Record Date' for the purpose of determining the eligibility of shareholders/beneficial owners, who shall be entitled to receive the Bonus shares, if approved by the shareholders through the process of Postal Ballot."

FIEM Industries Stock Performance & Return: The 52-week high price of FIEM Industries share on BSE is Rs 2587.95 apiece and 52-week low price is Rs 1420.80 apiece, respectively. The company has a market capitalisation of Rs 3338.65 crore. FIEM Industries shares offered return of 70% in last 1-year, gained 91% in last 2-years, and offered return of 316% in last 3-years. In last 5-years, FIEM Industries shares surged 381%. FIEM Industries shares recorded a rally of 663% in last 10-years.

FIEM Industries About: It is one of the leading manufacturers of automotive lighting, signaling equipments, rear view mirrors, sheet metal, and plastic parts in India with latest addition as canister, according to its official website. The company paid off all its debts. It came into existence in 1989.

Disclaimer: The stock just highlights the bonus share 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.