Gems and jewellery company, Ceenik Exports have trended on a buying momentum for three consecutive days, rising by 8.5%. The stock is going to be in focus this week for its ex-date of bonus issue in the ratio of 1:5. This is the first bonus issuance by the company, which has emerged as a 2024 multi-bagger with gains of more than 1,100%. The bonus reward also comes after back-to-back three dividend payments in the current year.
Ceenik Exports (India) Share Price:
Last week, on December 27th, the stock price stood at Rs 1352.80 apiece on BSE, with a market cap of Rs 453.19 crore. This was the third consecutive rally by this penny stock. It gained by 1.5% to 1.8% from December 24 and December 26. In the past three consecutive trading sessions, the stock rallied by 8.5%.
The stock's 52-week high and low is at Rs 1,432.45 apiece and Rs 108.03 apiece respectively. Year-to-date, the stock skyrocketed by a whopping 1,104.09% on BSE so far. In 5 years span, the rally is about 20,874%.
Ceenik Exports (India) Bonus Issue:
The company has announced 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.
That being said, the record date is fixed on Friday, 03rd January 2025 as the Record date for the purpose of ascertaining the eligibility of shareholders entitled to issuance of Bonus Equity Shares.
This is the first bonus issue by Ceenik Exports.
Ceenik Exports (India) Dividend:
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.
Ceenik Exports Fundamentals:
As per Trendlyne data, Price to Earning Ratio is 52.35, lower than its sector PE ratio of 61.13x; Stock Price rose 1,152.24% and outperformed its sector by 1,101.58% in the past year; Mutual Fund Holding remained the same in the last quarter at 0%; Promoter Share Holding stayed the same in the most recent quarter at 64.54%; and Interest Coverage Ratio is 1.62, higher than 1.5, which means that it can meet its interest payments comfortably with its earnings (EBIT).
However, among the drawbacks was --- Debt to Equity Ratio of 1.4 is higher than 1, which implies that company assets are financed through debt. Also, its Return on Equity(ROE) for the last financial year was 5.88%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit.
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.
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