6:1 Ratio: Ex-Bonus Date Today On 19th March, Tuesday; Bet On Realty Stock?

With a market valuation of Rs 1,250 Cr, Kesar India Ltd. is a small-cap company in the real estate industry. Luxury family residential and commercial developments are the firm's primary emphasis, Kesar India is a real estate development company. Since the stocks trade ex-bonus today, they are probably going to be in the spotlight. The 19th of March has been set as the record date for the 6:1 bonus shares that the company had announced. The stock began on Tuesday at Rs 501.45 on the BSE, a 5% upper circuit limit, on the ex-bonus day.

Kesar India Bonus Shares

"This is to inform you that pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Tuesday, March 19, 2024 as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares in the proportion of 6 (Six) Equity Shares of Rs. 10/- each for every 1 (One) existing Equity Share of Rs. 10/- each, subject to the approval of shareholders which is being obtained through Extra-Ordinary General Meeting," said the Board of Directors of the company in a stock exchange filing on March 04, 2024.

Kesar India Financials

The firm had revenue from operations of Rs 18.50 crore in Q3FY24, compared to Rs 39.75 crore in Q3FY23 and Rs 21.25 crore in Q2FY24. Compared to Rs 11.75 crore in Q3FY23 and Rs 6.50 crore in Q2FY24, profit after tax (PAT) was Rs 5.25 crore in Q3FY24.

Kesar India Share Price Target

Kesar India is bullish but also with strong support at 3024 on the Daily charts. A Daily close above resistance of 3713 could lead to a target of 4400 in the near term, said AR Ramachandran from Tips2trades.

Disclaimer

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