1:3 Bonus Issue: Logistics Stock To Issue 1 Bonus Share On Feb 8, Soars 766% In 3-Yrs

Small cap stock operating in the logistics sector, Shreeji Translogistics Ltd has fixed February 8, 2024 as the record date for 1:3 bonus issue. It implies shareholders will be eligible to receive 1 bonus share for every 3 shares held on February 8, 2024. Last trading price of Shreeji Translogistics share on BSE is Rs 57.22 per share with intraday decline of 0.59%. Shreeji Translogistics shares declined 31% in last 1-year and offered return of 73% in last 2-years. Check details below:

Shreeji Translogistics Sets Record Date For 1:3 Bonus Share: As per the BSE filing of the company dated January 2, 2024, "The Company has fixed Thursday, 8th February, 2024 as the 'Record Date' for the purpose of determining eligible shareholders for issue and allotment of fully paid Bonus shares of face value of Rs.2/- (Rupees Two only) in the ratio of 1 (One) Equity Share for every 3 (Three) Equity Shares each fully paid-up, subject to approval of shareholders to be obtained by way of Postal Ballot through remote e-voting process."

Shreeji Translogistics Stock Performance & Return: The 52-week high price of Shreeji Translogistics share on BSE is Rs 90.47 per share and 52-week low price is Rs 52.40 per share, respectively. Shreeji Translogistics has a market capitalisation of Rs 299.91 crore. Shreeji Translogistics shares declined 16% in last 1-month, gave return of 766% in last 3-years, and offered surge of 556% in last 5-years.

Shreeji Translogistics Financial Performance: The company for the quarter ended September 30, 2023 announced its net sales at Rs 65.17 crore, up 53.36% as against Rs 42.49 crore declared in the corresponding period of last year. The company reported its quarterly net profit at Rs 4.89 crore for the quarter ended September 2023, up 107% as compared to Rs 2.36 crore declared in the similar quarter of last year. Its EBITDA stood at Rs 8.24 crore in September 2023, up 80.7% from Rs 4.56 crore declared in September 2022.

Shreeji Translogistics About: The company was incorporated in 1994 and operates in Logistics sector. It operates in Logistics sector. The vision of the company is to be a leader in the supply chain industry and providing reliable world class supply chain solutions and become the most valuable organization for all stakeholders. The company owns vehicles and also sources directly from fleet owners and this helps the company keeps costs lower. The trucks are also under AMC contracts with the manufacturers thus ensuring better condition of the vehicle.

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