1:2 Bonus Issue Fails To Boost This Penny Stock; Shares down 51% From 52 wk High; Time To Buy The Dip?

Shares of SBC Exports Ltd., a garments and apparel company, declined 5% in today's trading session after the company's board approved a 1:2 bonus share issue for eligible shareholders. The stock, which trades as a penny stock under Rs.20, has witnessed a sharp decline, falling 9.62% over the past two trading sessions.

SBC Export Bonus Issue Details

As per the company's exchange filing, "In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SBC Export Ltd. has announced a bonus issue of 1 equity share for every 2 shares held (1:2 ratio). The Board of Directors, in its meeting on March 11, 2025, approved the allotment of 15,873,000 bonus equity shares with a face value of Rs. 1 each. The record date for this bonus issue was set as March 10, 2025. Following this issuance, the company's paid-up equity share capital has increased to Rs. 47,619,000, comprising 47,619,000 equity shares of Rs. 1 each."

Sbc Export Share Price Today

SBC Export's share price fell 4.95% on March 12, 2025, trading at Rs.12.49, nearing its 52-week low of Rs.11.04. The stock opened at Rs.12.96, hit a high of Rs.13.17, and dropped to a low of Rs.12.17 amid selling pressure. Over the past five days, it declined 9.62%, while in the last six months, it plunged 46.81%. So far in 2025, the stock is down 31.11%, but over the past five years, it has surged 147.82%. The ongoing downtrend is driven by market volatility, profit booking, and a lack of strong growth triggers. Despite the correction, long-term investors might see this as a buying opportunity, while short-term traders should remain cautious.

About SBC Exports Limited

SBC Exports Limited, established in 2011 and headquartered in Mirzapur, Uttar Pradesh, is an Indian company engaged in the manufacturing and trading of garments, manpower supply services, tour operator services, and information technology (IT) services. The company's garment division offers a wide range of products, including T-shirts, denim, sweatshirts, trousers, jackets, and leggings under various brand names. The company has also diversified into the travel industry through its wholly-owned subsidiary, Mauji Trip Limited, and provides IT services for professionals across various sectors. The company's shares are listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).