1:5:1 Bonus Shares: Penny Stock Sets Nov 14 Record Date After Monster Returns In 1-Yr

Small cap company engaged in financial services, Worth Investment & Trading Co Ltd shares today saw a surge of 0.90% to close at Rs 34.64 per share. Worth Investment & Trading Co will soon offer bonus shares to it shareholders as it fixed November 14, 2024 as the record date. The scrip delivered stunning returns of 167% in 2024 and 317% in last 1-year. Earlier, the company on October 4, 2024 recommended bonus shares in the proportion of 1:5:1, implying that for every 2 shares, 3 shares will be allotted as bonus shares.

Worth Investment shares opened at Rs 34.90 on Bombay Stock Exchange (BSE), reached the day's high at Rs 35.87 and low at Rs 33.21 per share in trade today.

Worth Investment & Trading Co Sets Record Date For Bonus Issue

As per the regulatory filing of Worth Investment & Trading Co dated October 31, 2024, "this is further to our letters dated October 5, 2024 intimating the approval by the members for issue of bonus shares in the ratio of 1.5:1 i.e (for every 2 Shares, 3 shares will be allotted as Bonus Shares). In this regard, we wish to inform that the Company has fixed Thursday, November 14, 2024 as the Record Date for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares of the Company."

Worth Investment Shares Performance

The 52-week high price of Worth Investment shares on BSE is Rs 48.55 per share and 52-week low price is Rs 7.59 per share. Its market cap stood at Rs 513.67 crore on BSE. The ROE is 0.70 and PE is 346.40. Worth Investment shares slipped 11% in last 2-weeks but gained 317% in last 1-year. In last 2-years, Worth Investment stock zoomed 687% and offered highest returns of 1518% in last 5-years span.

What is bonus share?

These are additional shares given to the existing shareholders without any extra cost, on the basis of the number of shares that a shareholder holds. Bonus shares are company's accumulated earnings which are not given out in the form of dividends, but are converted into bonus shares of free shares.

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