2-Yrs Return 670%: Logistics Stock To Mull Bonus Shares Proposal In Dec, Q2 Net Up 107%

Small cap stock from the Logistics sector, Shreeji Translogistics Ltd is likely to offer bonus shares to its shareholders next month as board of directors have fixed a meeting for December 21, 2023 to consider the proposal of bonus issue.

Last trading price of Shreeji Translogistics share on BSE is Rs 73.97 per share with intraday gain of 3.27%. Shreeji Translogistics shares offered return of 25% in last 6-months and soared 676% in last 2-years. Check details below:

Shreeji Translogistics To Consider Bonus Share: According to the BSE filing of the company issued today, "This is to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 21st December, 2023, inter alia, to transact the following business:
1. To consider the proposal for issuance of Bonus Shares.
2. To consider increase in Authorised Share Capital of the Company.
3. To consider seeking approval of the shareholders through Postal Ballot in respect of the above resolutions and to approve the draft Postal Ballot Notice."

Shreeji Translogistics Stock Performance & Return: Current market price of Shreeji Translogistics share on BSE is Rs 73.97 per share with intraday gain of 3.27%. Its 52-week high price is Rs 94.63 per share and 52-week low price is Rs 52.40 per share, respectively. Its market capitalisation is Rs 386.60 crore. Shreeji Translogistics shares gained 15% in last 1-month, soared 676% in last 2-years, and offered a rally of 1198% in last 3-years. In last 5-years, Shreeji Translogistics shares soared 739.14%.

Shreeji Translogistics Financial Performance: The company for the quarter ended September 30, 2023 announced its net sales at Rs 65.17 crore, up 53.36% as against Rs 42.49 crore declared in the corresponding period of last year. The company reported its quarterly net profit at Rs 4.89 crore for the quarter ended September 2023, up 107% as compared to Rs 2.36 crore declared in the similar quarter of last year. Its EBITDA stood at Rs 8.24 crore in September 2023, up 80.7% from Rs 4.56 crore declared in September 2022.

Shreeji Translogistics About: The company was incorporated in 1994 and operates in Logistics sector. It operates in Logistics sector. The vision of the company is to be a leader in the supply chain industry and providing reliable world class supply chain solutions and become the most valuable organization for all stakeholders. The company owns vehicles and also sources directly from fleet owners and this helps the company keeps costs lower. The trucks are also under AMC contracts with the manufacturers thus ensuring better condition of the vehicle.

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