1 Free Bonus Share Recommended: Small Cap Stock Zooms 12% In 14-Days On Bonus Buzz

Small cap company operating in trading & distributors industry, Sunrise Efficient Marketing Ltd shares today witnessed decline of 3.05% despite the decision of Board of Directors to recommend 1:2 bonus share. Shareholders of Sunrise Efficient Marketing will be eligible to receive 1 bonus share for every 2 shares held as on the record date. The company is yet to announce record date for 1:2 bonus issue. Sunrise Efficient Marketing shares gained over 12% in last 2-weeks amid bonus buzz. Check details below:

Sunrise Efficient Marketing Declares 1:2 Bonus Issue: As per the BSE filing of the company dated February 27, 2024, "The Board has recommended the issue of bonus equity shares in the ratio of 1:2 [ i.e., 1 (One) bonus equity shares of Rs. 10/- each for every 2 (Two) fully paid-up equity shares held as on record date subject to the approval of the shareholders in forthcoming Extra Ordinary General Meeting of the Company in compliance with applicable provisions of the Companies Act, 2013 read with the rules notified and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and subsequent amendments thereto."

Sunrise Efficient Shares Performance & Return: 52-week high price of Sunrise Efficient stock on BSE is Rs 155.00 apiece and 52-week low price is Rs 101.90 apiece, respectively. The company has a market capitalisation of Rs 120.95 crore. Sunrise Efficient shares declined over 5% in last 1-week, gained 8% in last 1-month, and offered return of 15% in last 6-months. In last 1-year, Sunrise Efficient stock gave return of 8%.

Increase In Authorized Share Capital: Sunrise Efficient also Considered and approved increase in the Authorized Share Capital of the Company from Rs. 10,00,00,000/- (Rupees Ten Crore only), divided into 1,00,00,000 (One Crore) Equity Shares of Rs. 10/- (Rupees Ten) each to Rs. 15,00,00,000/- (Rupees Fifteen Crore only), divided into 1,50,00,000 (One Crore Fifty Lakh) Equity Shares of Rs. 10/- (Rupees ten) each ranking pari passu in all respect with the existing Equity Shares of the Company.

About: Sunrise Efficient Marketing Limited, previously known as Sunrise marketing and services, came into existence in 2002. The company expanded its infrastructure, added new business lines, and collaborated with different industry leaders. It seeks to provide energy-efficient products and automation solutions to its customers. It is amongst India's leading stockiest / dealer/channel partners for various well-known companies, according to its official website.

Disclaimer:

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.