1:2 Stock Split, 1:1 Bonus Issue: Metal Stock Soars 126.7% From 52-Week Low

Small cap metal & ferrous sector stock, Rudra Global Infra Products witnessed a rally of 126.7% from its 52-week low price of Rs 54.25 per share if we take its today's current market price of Rs 123.00 into consideration. Earlier, Board of Directors of Rudra Global Infra Products on September 5, 2023 recommended 1:1 bonus share and approved 1:2 stock split. The company first notified on August 26 that it would consider bonus share and stock split. Rudra Global shares soared 52% in last 6-months and gained 339% in last 2-years. Check details below:

Rudra Global Sets October 18 As Record Date For Bonus Issue And Stock Split: As per the BSE filing of Rudra Global dated October 7, 2023, "In terms of Regulation 42 of the SEBI Listing Regulations, the Company has fixed Wednesday, October 18, 2023 as the 'Record Date' for the purpose of determining the eligibility of Shareholders for the purpose of sub-division /split of existing equity shares and issue of Bonus Equity Shares of the Company."

Rudra Global Shares Outlook, Return Over Years: Current market price of Rudra Global Infra share is Rs 123.00 per share with intraday fall of 0.65%. Rudra Global Infra shares hit lower circuit in trade today. Rudra Global Infra stock hit upper circuit on October 10. Rudra Global Infra shares witnessed spurt in volume by over 5.69 times on October 10 and 2.72 times today. Rudra Global Infra shares offered a rally of 32% YTD, soared 23% in last 1-year, gained 339 in last 2-years, and declined 24% in last 5-years.

Rudra Global Recent Financials Performance: The company for the quarter ended June 30, 2023 announced a jump of 1.86% in its consolidated total income at Rs 138.31 crore as compared to its previous quarter total income of Rs 135.78 crore. Rudra Global announced its latest quarter net profit after tax at Rs 4.40 crore.

About: The company operates in the metal & ferrous sector. Rudra Global manufactures TMT bars and Billets and trades in Cement. It is engaged in various businesses like Ship recycling, oxygen plant, Induction Furnace, Re-rolling mill, producing more than 2 Lakh MT per annum of steel, with a group turnover around 1000 crore per annum.

Disclaimer

The stock just highlights the bonus issue, 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 ay losses. Please consult a professional advisor.