6:1 Bonus Issue: Media Stock Hits 3rd Consecutive Upper Circuit, Shares Soar 293% In 3-Yrs

Board of small cap stock operating in media & entertainment Pooja Entertainment And Films Ltd on October 6 recommended bonus share in the proportion of 6:1 which implies that shareholders will be eligible to receive 6 bonus shares for every one share held as on the record date. Last trading price of Pooja Entertainment share on BSE is Rs 240.80 per share with intraday gain of 4.99% as on October 27, 2023. Pooja Entertainment stock rallied 293% in last 3-years. Check more details about the
stock below:

Pooja Entertainment Recommends 6:1 Bonus Issue: As per the BSE filing of the company issued on October 28, 2023, "In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors at their meeting held today (started at 01:00 p.m. and concluded at 03:00 p.m.) inter-alia considered and approved Bonus Issue of 3,00,03,000 Equity Shares in the proportion of 6 (Six) Equity Share of Rs. 10/- each for every 1 (One) Equity Shares of Rs. 10/- each held by the shareholders of the Company as on the record date, subject to the approval of shareholders through Postal Ballot in compliance with the applicable laws." The company has yet to fix the record date for 6:1 bonus shares.

Pooja Entertainment Stock Outlook & Return: Last trading price of Pooja Entertainment share on BSE is Rs 240.80 per share on BSE. Its 52-week high price is Rs 289.95 per share and 52-week low price is Rs 149.40 per share, respectively. Its market capitalisation is Rs 120.41 crore. Pooja Entertainment shares soared 10.87% in last 1-week as it continued to hit upper circuits on the buzz of bonus shares announcement. Pooja Entertainment shares gained 43% in last 6-months, soared 32% in last 1-year, jumped 40% in last 2-years, and surged 293% in last 3-years. In last 5-years, Pooja Entertainment shares witnessed a rally of 362%.

Pooja Entertainment Financials: The company for the quarter ended June 30, 2023 announced its consolidated total income at Rs 15.70 crore, down 4.67% as against its last quarter total income of Rs 16.47 crore. It declared its net profit after tax at Rs 1.53 crore in latest quarter.

Pooja Entertainment About: Pooja Entertainment is one of India's largest film production and distribution companies founded in 1995 by renowned film producer Mr Vashu Bhagnani and is currently headed by actor, producer Mr Jackky Bhagnani and film producer Mrs Deepshikha Deshmukh. Pooja entertainment has produced and distributed over 30 films since 1995 and has been delivering some of the most successful films in Indian cinema's history which has led to it creating its mark as a large scale film production and distribution company in the Indian film and entertainment industry, according to its LinkedIn page.

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