1:1 Bonus Shares: To Be Credited By 12th March 2025; Buy For High Portfolio Growth?

Kothari Products Ltd. is a public limited company that was established on September 17, 1983 and is listed on NSE. The company's operations include real estate, investments, and international export and import trading. Nowadays, Kothari Products Ltd.'s primary focus is on the real estate, investment, and international trade sectors. Following the company's announcement of 1:1 bonus shares, Kothari Products' shares closed Monday's trading session on the NSE 1.07% higher at Rs 197.28 per share, with a market capitalisation of Rs 592.10Cr.

Kothari Products Bonus Shares

The company's Board of Directors announced 1:1 bonus shares during their meeting on December 28, 2024. The firm has Rs. 31,50,00,000 in authorised capital before the bonus issue, Rs. 61,50,00,000 in authorised capital after the bonus issue, Rs. 29,84,38,650 in paid-up share capital before the bonus issue, and Rs. 59,68,77,300 in paid-up capital after the bonus issue. According to Kothari Products, eligible stockholders are expected to get the bonus shares by March 12, 2025. The enactment of bonus shares will need a capital investment of Rs 29.84 crore.

Kothari Products Financials

In the September 2024 quarter, the company's net sales were Rs 91.03 crore, rising 52.2% from Rs 59.81 crore in the September 2023 quarter. In Q2FY25, its net profit was Rs. 30.26 crore, growing 1979.5% from Q2FY24's Rs. 1.61 crore. EBITDA increased by 19587.5% to Rs. 31.18 crore in the September 2024 quarter from Rs. 0.16 crore in the September 2023 quarter.

Kothari Products Share Price Target

"Kothari Products stock price is bearish on the Daily charts with strong resistance at 222. A Daily close below support of 186 could lead to a target of 158 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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