Fertilisers Stock Set To Trade 1:1 Ex-Bonus In 4 Days, Soars 669% In 3-Yrs

Shares of small cap fertilisers sector stock Krishana Phoschem Ltd will trade ex-bonus on October 25, 2023 in the ratio of 1:1. The company on October 14 fixed October 25, 2023 as the record date. The company earlier cancelled the record date of September 21, 2023 saying it was erroneously mentioned. Krishana Phoschem shares gained maximum 1292% in last 5-years. Last trading price of Krishana Phoschem share on NSE is Rs 508.10 per share.

Krishana Phoschem To Go Ex-Bonus On Oct 25: According to the NSE filing of the company issued on October 14, 2023, "We would like to inform you that Pursuant to regulation 42 of SEBI (Listing obligation and disclosure requirement) Regulation, 2015 company has fixed 25th October 2023 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) new fully paid-up equity shares of Rs. 10/- (Rupees Ten only) each for every 1 (One) fully paid-up existing equity share of Rs. 10/- (Rupees Ten only) each held, with the approval of shareholders which is being obtained vide ordinary resolution passed at 19th Annual General Meeting dated on 28th September 2023."

What Is Bonus Issue, Why Are Bonus Shares Issued? These are additional shares given to the existing shareholders without any extra cost, on the basis of the number of shares that a shareholder holds. Bonus shares are company's accumulated earnings which are not given out in the form of dividends, but are converted into bonus shares of free shares.

Krishana Phoschem Stock Outlook & Return: Last trading price of Krishana Phoschem stock on NSE is Rs 508.10 apiece as on October 19, 2023. The stock's 52-week high price is Rs 559.40 per share and 52-week low price is Rs 340.00 per share, respectively. Its market capitalisation is Rs 1,486.24 crore. Krishana Phoschem shares gained 15% in last 1-month, soared over 5%, jumped 45% in last 1-year, rallied 669% in last 3-years.

Krishana Phoschem Financial Performance: The company for the quarter ended June 30, 2023 announced its standalone total income at Rs 166.32 crore, up 13.57% as against the last quarter total income of Rs 145.45 crore. It declared its recent quarter net profit after tax at Rs 11.88 crore.

Krishana Phoschem About: Krishana Phoschem Ltd, a subsidiary of Ostwal phoschem (India) Ltd. The Company is engaged in the manufacturing of Beneficiated Rock Phosphate (BRP), Single Super Phosphate (SSP), and Dyes Intermediates mainly H-Acid & Chemical products i.e., Sulphuric Acid (SA), Oleum, Coloro Sulphonic Acid & Liquid SO3. The company has also started manufacturing of Di-ammonium Phosphate (DAP), Nitrogen, Phosphorus and Potassium (NPK) complex fertilizer and Phosphoric Acid in the month of Feb 2023, according to its official website.

Disclaimer

The stock just highlights the bonus issue 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.