2:1 Bonus Soon: Infra Stock Below Rs 55, In Focus, Rises By 481%; Rs 59K Turns To Rs 2,90,590 In 12 Months

Trading and distributors company, Newtime Infrastructure fell by 2% on Tuesday after gains in two consecutive sessions. Newtime shares are in focus ahead of its bonus issue in the ratio of 2:1 for which the record date is fixed next week. Despite the latest drop, Newtime has given nearly 364% returns in a year, turning an investment of Rs 50,000 to a corpus of Rs 2,32,000.

Newtime Infrastructure Share Price:

On BSE, the stock price dropped by 1.9% to Rs 50.97 apiece with a market cap of Rs 891.70 crore. The stock is trading close to its 52-week high of Rs 55.39 apiece.

YTD, the stock has still maintained an upside with gains of nearly 52% on BSE. While in a year, the stock rallied by 363.36% on BSE. A year ago, on May 15, the stock stood merely at Rs 11 per share.

But that's not all, Newtime shares have skyrocketed by at least 481.2% from its 52-week low of Rs 8.77 apiece which was witnessed on May 31, 2023. So if an investor had bought Newtime shares on May 31 last year during its 1-year low levels for Rs50,000 investment, then their portfolio has garnered a whopping 2,40,590 returns, taking his or her corpus value to Rs 2,90,590.

NewTime Infrastructure Bonus Share:

The company will issue 2:1 bonus shares to its shareholders. The company announced issuance of of bonus shares to the shareholders in the ratio of 2 (Two) new fully paid-up equity share of Re. 1/- (Rupee One Only) each for every 1 (One) fully paid-up Equity Shares of Re. 1/- (Rupee one only).

Further, the company fixed Tuesday, 21st May, 2024 as the record date for the purpose ascertaining the eligibility of shareholders entitled for issuance of bonus shares by the Company.

NewTime Infrastructure Big Acquisition:

As per the regulatory filing, the company has made an investment of Rs 6.33 crore in the preference share capital of Rollatainers Limited, by way of subscription of:

- 10,00,000 (Ten Lakh ) 2% Non-Convertible Redeemable Preference Shares, fully paid up of Rs.100/- each in Rollatainers Limited.

- 1,40,000 (One Lakh Forty Thousand) 10% Non-Convertible Redeemable Preference Shares, fully paid up of Rs.100/- each in Rollatainers Limited.

While in another development, the company has made further investments to the extent of Rs.
21,00,000 (Twenty One Lakhs Rupees) in its Wholly Owned Subsidiary Company, Neoville Developers Private Limited, by way of subscription to 2,10,000 fully paid-up Equity Shares of face value of Rs. 10/- each on private placement basis.

NewTime Infrastructure About Us:

The Company commenced operations in India in July 1984 and was earlier into the development of information technology business with the name of Intra Infotech Limited and then it changed its name and main object to infrastructure business, seeing the immense growth in the sector and therefore is now into real estate development with a pan-India presence and operations spanning all key segments of the Indian real estate industry, namely the residential, commercial, and retail sectors. The Company's operations encompass various aspects of real estate development, such as land identification and acquisition, project planning, designing, marketing and execution.