1:1 Bonus Share: BSE Small Cap Stock Jumps 43.02% After Declaring Bonus Issue, Ex Date Soon

Small cap company operating in stockbroking & allied industry, Monarch Networth Capital Ltd shares today hit fresh 52-week high when BSE Sensex declined over 1000 points to 81,183. Last trading price of Monarch Networth Capital shares on BSE is Rs 875.80 per share with gain of 4.65% in trade today. Monarch Networth Capital shares jumped nearly 43.02% after recommending 1:1 bonus share. Monarch Networth Capital stock was priced Rs 612.35 per share on July 26, 2024. The company decided to consider bonus share on July 23 and recommended bonus share on July 28.

Monarch Networth Capital also declared Re 1 per share dividend of the face value of Rs 10 each on July 23 and set August 2 as the record date. Monarch Networth Capital shares will trade ex-bonus on September 13, 2024. This is the maiden bonus issue that Monarch Networth recommended. Check details below:

Monarch Networth Capital To Go Ex-Bonus: According to the BSE filing of Monarch Networth Capital dated July 28, 2024, "approved Issue of Bonus Shares by way of capitalization of reserves, to the equity shareholders of the Company in the ratio of 1:1 i.e., 1 (One) new fully paid-up Equity Shares of Rs. 10/- (Rupees Ten only) each for every 1 (One) existing fully paid-up Equity Share of Rs. 10/- (Rupees Ten only) each held by the eligible shareholders as on the Record Date (to be determined by the Board) subject to approval by members and any other applicable statutory and regulatory approvals."

Monarch Networth Capital Financials: The company's net profit has soared from Rs. 2 crores in FY-20 to Rs. 123 crores in FY-24 which signifies the company's unwavering commitment towards growth, according to the company's press release. The company for the quarter ended June 30, 2024 declared its consolidated total income at Rs 84.95 crore, up 12.54% from last quarter total income of Rs 75.48 crore. It announced its net profit after tax in the latest quarter at Rs 40.06.

Monarch Networth Capital Dividend In 2024: The exchange filing of Monarch Networth Capital issued as on July 23, 2024 stated, "The Board of Directors at its meeting held on Friday, May 24, 2024 had recommended a final dividend of Re 1 per equity share of Rs 10 each of the Company for approval by the shareholders at ensuing Annual General Meeting ('AGM'). The Company has fixed Friday, August 2, 2024, as the Record Date for determining entitlement of Members to final dividend for the financial year ended March 31, 2024."

Monarch Networth Capital Share Performance: Monarch Networth Capital shares gave returns of 70% in last 3-months, surged 101% year-to-date, and offered returns of 158% in last 1-year. Monarch Networth shares rallied 561% in last 3-years and soared 3889% in last 5-years. The 52-week high price of Monarch Networth Capital share on BSE is Rs 884.75 per share (as on 6/09/2024) and 52-week low price is Rs 309.00 per share (as on 13/09/2023), respectively.

About: Monarch Networth Capital Limited is a financial services provider. It is specifically engaged in share and stock broking, merchant banking, and mutual fund distribution. The small cap company came into existence in 1993.

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