3:5 Bonus Issue Record Date On January 17; Below Rs 3, Low PE Stock To Allot 3 Free Shares; How To Be Eligible

Mayukh Dealtrade Ltd, a penny stock, is going to reward investors with big bonus rewards in the ratio of 3:5. The stock has a low PE ratio compared to its sector, and trades below Rs 3. Ahead of the stock split ratio, Mayukh Dealtrade witnessed sharp buying sentiment for four consecutive sessions, recording a growth of nearly 16%. However, the stock has underperformed its sector, and it will be keenly watched if the upcoming bonus issue could be a driving factor.

Mayukh Dealtrade Share Price:

On January 3, the penny stock stood at Rs 2.31 apiece, up by 9.5% on BSE with a market cap of Rs 27.72 crore. The stock has been rising since December 31, hence, surging by 15.5% in four trading sessions in a row. The stock's 52-week high and low is at Rs 3.77 and Rs 1.19 apiece respectively.

Mayukh's weekly performance is up by 13% on BSE, while in a month, the gains are around 10%. Further, its half-yearly performance is robust with an upside of over 83%. Year-to-date, the stock is up by 10% on BSE so far.

Mayukh Dealtrade Bonus Issue:

The company has fixed Friday, 17th January 2025 as the Record Date to determine the equity shareholders of the Company eligible for bonus equity shares of the Company. Mayukh is going to deliver a bonus issue in the ratio of 3:5.

The 3:5 ratio indicates 3 (Three) new fully paid-up equity shares of Re. 1/- (Rupees One only) each for every 5 (Five) existing fully paid-up equity shares of Re. 1/- (Rupee One only) each, held by the Shareholders of
the Company.

This is the first ever bonus issue by Mayukh which comes after the company delivered two stock splits post-Covid era. The first stock split by Mayukh was in May 2021, in the ratio of 1:2, where the face value of Rs 10 was trimmed to Rs 5. Later on, the stock turned ex-split in October 2024 for a ratio of 1:5, where the face value of Rs 5 was split to Re 1 each.

The company has not delivered any dividends as of now.

Mayukh Dealtrade Fundamentals:

As per Trendlyne data, the following are the fundamentals of Mayukh Dealtrade:

- Price to Earning Ratio is 15.29, lower than its sector PE ratio of 46.95.

- Stock Price fell 25% and underperformed its sector by 26,262.6% in the past year.

- Debt to Equity Ratio of 0.01 is less than 1 and healthy. This implies that its assets are financed mainly through equity.

- Return on Equity(ROE) for the last financial year was 5.49%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit.

- Promoter Share Holding stayed the same in the most recent quarter at 3.11%.

- Mutual Fund Holding remained the same in the last quarter at 0%.

- Interest Coverage Ratio is 140.91, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).

- Promoter Pledges are zero.

About Mayukh Dealtrade:

Mayukh Dealtrade Ltd formerly known as Mayukh Commercial Ltd. opened its wings more than 20 years ago dealing in infrastructure, steel and media. Every aspect of Mayukh Dealtrade Ltd's business is characterised by professionalism and high standards of corporate governance. Sustainability is embedded into our long-term strategy for growth. Mayukh Dealtrade Ltd is committed to forming seamless partnerships with its customers so that their requirements become its challenge.