Small Cap Stock Set To Consider Bonus Share On Feb 27, Shares Rally 6.68% Intraday

Small cap company operating in the industry of trading & distributors, Sunrise Efficient Marketing Ltd shares gained 6.68% intraday today after it informed about upcoming meeting scheduled to be held on Feb 27 to consider issue of bonus share. Last trading price of Sunrise Efficient shares on BSE is Rs 114.30 apiece. Sunrise Efficient shares gained 8.55% in last 1-week. Check details below:

Sunrise Efficient To Consider Bonus Issue: As per the BSE filing of the company dated February 14, 2024, "a Meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 27th February 2024 to transact following major businesses:

1. To consider and approve the increase in the Authorised capital of the company

2. To discuss, consider and approve Issue of Bonus Shares to the equity shareholders of the Company subject to approval of members.

3. To fix date, time and venue of Extra Ordinary General Meeting of the Company and approve the draft notice of EOGM.

4. To consider and decide book closure date and cut-off date for voting purpose and Bonus Issue

5. To consider the appointment of Scrutinizer M/s Dhirren R. Dave & Co., Practicing Company Secretaries of the Company for the purpose of voting in EOGM."

Sunrise Efficient Shares Performance & Return: The 52-week high price of Sunrise Efficient shares on BSE is Rs 155.00 apiece and 52-week low price is Rs 101.90 apiece, respectively. The company has a market capitalisation of Rs 114.30 crore. Sunrise Efficient shares declined nearly 4% in last 1-month, soared 6% in last 3-months, and rallied 14% in last 1-year.

About: Sunrise Efficient Marketing Limited, previously known as Sunrise marketing and services, came into existence in 2002. The company expanded its infrastructure, added new business lines, and collaborated with different industry leaders. It seeks to provide energy-efficient products and automation solutions to its customers. It is amongst India's leading stockiest / dealer/channel partners for various well-known companies. It has stock of all types of IE 2 and IE 3 grade Induction motors, power transmission products such as worm and helical gears boxes, LED lighting fittings, all types of Lubricants such as Hydraulic oil, gear oil, and thermic fluid, industrial pumps, chemical pumps to meet the delivery commitments, according to its official website.

Disclaimer:

The stock highlights the bonus share 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.