1:3 Bonus Issue: Logistics Stock Set To Trade Ex-Bonus, Bulk Deal On Feb 2

Small cap stock operating in the logistics sector, Shreeji Translogistics Ltd has been in news amid the bulk deal that took place on February 2, 2024. Last trading price of Shreeji Translogistics shares on BSE is Rs 54.27 apiece with intraday fall of 4.08% as on Feb 2, 2024. Shreeji Translogistics shares zoomed 7.76% in last 1-week and soared 37% in last 2-years.

Shreeji Translogistics also recommended bonus share in the ratio of 1:3 implying shareholders will receive 1 bonus share for every 1 share held as on the record date. The record date for 1:3 bonus share is February 8, 2024. Check details below:

Bulk Deal On Feb 2: According to data available on BSE, 399,000 shares were traded (purchase) at an average price of Rs 55.00 (client is Jaypalsinh Surubha HUF) and 757781 shares were also traded (purchase) at an average price of 55.00 (client is Jignesh Amrutlal Thobhani). Meanwhile, a total of 2978850 shares were traded (sell) at an average price of 55.07 (client is Chandrikaben Rajnikant Shah).

Shreeji Translogistics Fixes Record Date For 1:3 Bonus Share: According to January 2, 2024 BSE filing of Shreeji, "the Company has fixed Thursday, 8th February, 2024 as the 'Record Date' for the purpose of determining eligible shareholders for issue and allotment of fully paid Bonus shares of face value of Rs.2/- (Rupees Two only) in the ratio of 1 (One) Equity Share for every 3 (Three) Equity Shares each fully paid-up, subject to approval of shareholders to be obtained by way of Postal Ballot through remote e-voting process."

Shreeji Translogistics Stock Performance & Return: The 52-week high price of Shreeji Translogistics share on BSE is Rs 84.79 apiece and 52-week low price is Rs 49.95 apiece, respectively. Shreeji Translogistics's market capitalisation is Rs 284.44 crore. Shreeji Translogistics shares fell 14% in last 6-months, declined 30% in last 1-year, gave return of 595% in last 3-years, and soared 522% in last 5-years.

Shreeji Translogistics Financial Performance: The company for the quarter ended September 30, 2023 announced its net sales at Rs 65.17 crore, up 53.36% as against Rs 42.49 crore declared in the corresponding period of last year. The company reported its quarterly net profit at Rs 4.89 crore for the quarter ended September 2023, up 107% as compared to Rs 2.36 crore declared in the similar quarter of last year. Its EBITDA stood at Rs 8.24 crore in September 2023, up 80.7% from Rs 4.56 crore declared in September 2022.

Shreeji Translogistics About: The company was incorporated in 1994 and operates in Logistics sector. It operates in Logistics sector. The vision of the company is to be a leader in the supply chain industry and providing reliable world class supply chain solutions and become the most valuable organization for all stakeholders. The company owns vehicles and also sources directly from fleet owners and this helps the company keeps costs lower. The trucks are also under AMC contracts with the manufacturers thus ensuring better condition of the vehicle.

Disclaimer: The stock just 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.