1:4 Bonus Share Recommended: Rs 282 Energy Stock Jumps 941% In 90-Days

Small cap company operating in power generation industry, Ujaas Energy Limited on July 15, 2024 recommended 1:4 bonus share and yet to announce the record date. Current market price of Ujaas Energy Limited share on BSE 282.70 per share with gain of 5.00% as on July 15, 2024. Ujaas Energy shares offered impressive returns of 941% in last 3-months. More details below:

Ujaas Energy Limited Recommends Bonus Share: As per the BSE filing of Ujaas Energy Limited dated July 15, 2024, "With reference to the captioned subject, we hereby inform that the Board of Directors of the Company at its meeting held today the 15th July, 2024 (commenced at 04:30 P.M. and concluded at 5:30 P.M.) have inter alia, considered and approved - The Issue of Bonus Shares, to public equity shareholders (i.e. the promoters are not participating in this issue) of the Company in the ratio of 1:4 i.e., 1 (one) new fully paid-up Equity Shares of Re. 1/- (Rupee One only) each for every 4 (four) existing fully paid-up Equity Share of Re. 1/- (Rupee One only) each held by the eligible shareholders as on the Record Date subject to the approval of the shareholders of the Company in the ensuing Annual General Meeting."

Ujaas Energy Limited Share Performance: The 52-week high price of Ujaas Energy share on BSE is Rs 282.70 per share (as on 15/07/2024) and 52-week low price is Rs 2.00 per share (as on 14/08/2023), respectively. Ujaas Energy Limited has a market capitalisation of Rs 2,976.87 crore. Ujaas Energy Limited shares offered return of 27% in last 1-month, gained 12,750% in last 1-year, and soared 8415% in last 2-years.

About: Ujaas Energy Limited is the first company to generate & sell Solar REC in the country from its solar power plant of 2 MW commissioned in March 2012 at Rajgarh (Madhya Pradesh). It has been working in the field of engineering from more than three decades. It began its journey in 1979 at the business capital of Madhya Pradesh- Indore under the proprietorship named "M and B Switchgears". The company during its initial years was involved in manufacturing of transformers and panel meters for energy controlling. Currently, besides the transformer industry, Ujaas Energy Limited is contributing towards green energy. It has launched several new products and solutions for producing clean energy. The company aims at becoming the pioneer in "Generation of Green Energy", according to its official website.

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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.