NSE-Listed Stock Touches 52W-High After Board Announces 1:1 Bonus Shares; Watch Now?

Today, Thursday, October 23, Interiors & More Limited, which is only listed on the NSE, reached a new 52-week high of Rs 689 per share. At the current market price of Rs 670, the stock has demonstrated a remarkable 135.5% gain from its 52-week low of Rs 284.50 reached on 28-Jan-2025, suggesting an immense rise in value over the past nine months. The spike followed the Board of Directors' announcement of bonus shares at its October 20 meeting.

"The Board considered and recommended issue of Bonus Equity Shares in the proportion of 1:1 i.e. 1 (One) bonus equity share of Rs. 10/- (Rupees Ten) each for every 1 (One) existing equity share of Rs. 10/- (Rupees Ten) each fully paid up, held by the shareholders of the Company as on the record date, subject to the approval of shareholders of the Company. The record date will be intimated separately," said Interiors & More in an NSE-filing.

The company would use its Securities Premium Account and/or Free Reserves to issue around 69,95,400 equity shares as bonus shares of Rs 10 apiece, totalling Rs 6,99,54,000. The company's authorized share capital would climb from Rs 8 crore, which is divided into 80,00,000 equity shares of Rs 10 each, to Rs 18 crore, which is divided into 1,80,00,000 equity shares of Rs 10 each, following the bonus issue. Consequently, the issued, subscribed, and paid-up share capital will rise from Rs 6,99,54,000 to Rs 13,99,08,000, divided into 1,39,90,800 equity shares of Rs 10 each.

Interiors & More Limited would use around Rs 6.99 crore from its free reserves and/or share premium account to carry out the bonus issue. The available reserves are Rs 4,015.37 lakh under the Securities Premium Account and Rs 1,935.70 lakh as surplus in the Profit & Loss Account, according to the company's latest audited balance sheet, which was dated March 31, 2025. According to the company's announcement, eligible shareholders will get their bonus shares within two months after the Board's approval date, which is December 19, 2025, at the latest.

Interiors & More Target Price

"Interiors and More stock price is bearish on the Daily charts with strong resistance at 680. A Daily close below support of 642 could lead to a target of 566 in the near term," commented A R Ramachandran, Independent SEBI-registered Research Analyst.

About Interiors & More

Interiors & More is a producer, dealer, and retailer based in India that specializes in interior furnishings and home décor, especially premium artificial flowers and plants. Manish and Ekta Tibrewal founded the company in 2012, and it now operates both online and through physical stores in India and Dubai. After a successful Initial Public Offering (IPO) in 2024, Interiors & More went public on the NSE Emerge stock exchange.

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