1:1 Bonus Issue, 1:10 Stock Split: Multibagger Penny Stock Zooms 24.56% After Last Corp Action

Small cap company from the trading & distributors industry, Tine Agro Ltd shares today hit upper circuit and 52-week high on BSE as shares traded ex-bonus in the ratio of 1:1 and ex-split in the proportion of 1:10. Tine Agro shares gained 24.56% after recommending bonus share and stock split on February 8, 2024.

The stock was priced Rs 13.49 apiece on February 8 and today's price of Tine Agro stock is Rs 22.50, highlighting an upside of 24.56 during this time period. Tine Agro stock offered return of 1025% in last 6-months.

Tine Agro Shares Trade Ex-Bonus, Ex-Split Today: The company on Feb 28 fixed March 18 as the Record Date for 1:1 bonus share and 1:10 stock split.

Tine Agro Stock Performance & Return: The 52-week high price of Tine Agro shares on BSE is Rs 22.50 apiece and 52-week low price is Rs 0.65 apiece, respectively. Tine Agro shares have been hitting several back-to-back 52-week high and upper circuits. Tine Agro share zoomed 48% in last 1-month, gained 238% in last 3-months, and offered return of 5013% in last 1-year. Tine Agro has a PE of 0.04, ROE of -1511.95, and EPS (TTM) of 513.05.

Tine Agro Financials: The company for the quarter ended December 31, 2023 declared its net profit at Rs 5.50 crore, up 54,900% as against Rs 0.01 crore in the corresponding quarter of last year. The company's sales jumped to Rs 22.68 crore, up 1087.43% from Rs 1.91 crore declared in the similar quarter of 2022.

Tine Agro About: Tine Agro came into existence in 1994. It is engaged in the industry of trading. It also operates as an agriculture and commodity company. It develops agricultural and forest resources-based industries.

Disclaimer: The stock highlights the bonus share, stock split, 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.