1:5 Bonus Issue Ex-Date; Gems & Jewellery Stock Hits 52-Week High, To Allot 1 Free Share On Existing 5 Piece

Bonus Issue: Gems and jewellery company, Ceenik Exports (India) touched a new 52-week high on Friday, January 3rd, on the date it turned ex-bonus for its bonus issue ratio of 1:5. The company will allot 1 free share on 5 pieces in due course. The bonus allotment comes after back-to-back dividend payouts in less than 8 months.

Ceenik Exports (India) Share Price:

On ex-bonus date, Ceenik Exports share price locked at 5% upper circuit to Rs 1225.90 apiece. The company's market cap is around Rs 492.81 crore. Adjusted to bonus, the new 52-week high and low are at Rs 1,435 apiece and Rs 119.10 apiece respectively.

The stock's price-to-equity ratio is at 47.43x, while the return to equity is at 11.64%.

Ceenik Exports (India) Bonus Issue:

The company turned ex-bonus on January 3, which is also the record date for the purpose of ascertaining the eligibility of shareholders entitled to issuance of Bonus Equity Shares.

Ceenik has turned ex-date for the issuance of fully paid-up Bonus equity shares in the ratio of 1 (one) Fully paid-up equity share for every 5 (five) fully paid-up equity shares held on the record date. The ratio is of 1:5.

This is the first bonus issue by Ceenik Exports.

The upcoming bonus issue is after its back-to-back dividend payout. The company has delivered a final dividend of Rs 1 each and its ex-date was on December 13. Prior to this, the company delivered an interim dividend of Rs 15 per share with an ex-date on October 31, following an interim dividend of Rs 1 per share with an ex-date on June 21, 2024.

About Ceenik Exports (India):

Ceenik Exports Limited, established under the Companies Act of 1956, has firmly positioned itself as a leading entity in the investment landscape. With its Registered Office located in Mumbai, Maharashtra, India, the company took a significant leap in 1995 by issuing Equity Shares of Rs. 10 each to the public, thereby securing its place on the Bombay Stock Exchange (BSE). Being listed on the BSE, Ceenik Exports offers investors a unique opportunity to partner with a company that seamlessly integrates traditional investments in land and buildings with innovative ventures in financial markets and mutual funds, all aimed at generating consistent growth and sharing regular profits.