This Stock Offering 1:1 Bonus Share, Ex-date In 2 days: Share Up 29% In 1Month

Ram Ratna Wires announced a 1:1 bonus issue for shareholders. The ex-bonus date has been fixed to be on September 28, 2022, and the record-date for the bonus has been fixed to be on September 29, 2022. The company announced the bonus on August 10.

The company informed the stock exchanges, "The Board has recommended the issue of Bonus Shares in the ratio of 1:1, that is 1 (One) equity share of Rs. 5/- each for every 1 (One) fully paid-up equity share of Rs. 5/- each held by the Shareholders of the Company as on the Record Date."

Ram Ratna Wires - stock performance

The current market price of Ram Ratna Wires closed at Rs. 439.20, falling by 4.77%, on September 26 on NSE, after surging by around 10% in the past 5 days. In the last 1 month its share price gained by 38.86%, in the last 6 months its share price gained by 86.06%.

The 52-week high level of this stock is Rs. 511.85, and the 52-week low level of this stock is Rs. 227.65. This small-cap stock has a market capitalization of Rs. 966 crore.

Financial results

According to data available with NSE, in Q1 FY23, this company's Revenue stood at Rs. 60,516.52 crore. The company's total income was reported at Rs. 1,312.88 crore. Additionally, its Net Profit stood at Rs. 977.22 crore.

Disclaimer

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