6:1 Bonus Shares: Small Cap Stock Soars 27.57% In 7-Days, Hits 5th Upper Circuit

Small cap stock from the media & entertainment sector Pooja Entertainment And Films Ltd hit upper circuit today and gained 4.98% at the time of writing the story. Pooja Entertainment shares hit 5th upper circuit today and shares have been witnessing strong rally ever since the company announced plans of bonus issue on October 23, 2023. Pooja Entertainment stock gained 27.57% in just last 1-week and 15% in last 2-weeks. The Board Of Directors of Pooja Entertainment And Films Ltd on October 28 approved issuance of bonus share in the ratio of 6:1 implying shareholders will get 6 bonus shares for every single share held on record date. Check details below:

Pooja Entertainment And Films Ltd Approves 6:1 Bonus Share: According to the regulatory filing of Pooja Entertainment dated 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 record date for the aforementioned bonus shares is yet to be decided by the company.

Pooja Entertainment Share Performance & Return: The current market price of Pooja Entertainment share on BSE is Rs 265.40 apiece. The stock's 52-week high price is quoted at Rs 289.95 per share and 52-week low price is quoted at Rs 149.40 per share, respectively. It has a market capitalisation is Rs 132.71 crore. Pooja Entertainment shares surged 33% in last 3-months, gained 58% in last 6-months, offered shareholders return of 41% in last 1-year, and soared 308% in last 3-years.

Pooja Entertainment Financials: The company for the quarter ended June 30, 2023 declared 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.

Disclaimer

The stock just highlights the bonus shares 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 any losses. Please consult a professional advisor.