5:1 Bonus Shares: Multibagger Mining Stock Hits 10% Upper Circuit As Shares Trade Ex-Bonus

Small cap company operating in mining sector Sandur Manganese & Iron Ores Ltd shares rallied 10% today and hit upper circuit as well. Sandur Manganese shares traded ex-bonus in the ratio of 5:1 today. Sandur Manganese shares gained 127% in last 3-months and rallied 265% in last 1-year and 816% in last 3-years. Check details below:

Sandur Manganese Trades Ex-Bonus Today: Sandur Manganese shares traded ex-bonus today. As per the BSE filing of the company dated January 22, 2024, "Pursuant to Regulation 42 of SEBI (LODR) Regulations, 2015, the Board of Directors of the Company has fixed Friday, 2 February 2024 as the Record Date for the purpose of determining the shareholders and their entitlement for issue and allotment of Bonus Equity Shares in the ratio of 5:1 i.e., 5 (Five) new fully paid-up Equity Shares of ₹10/- each for every 1 (One) existing fully paid-up Equity Share of ₹10/- each held by them."

Sandur Manganese Stock Performance & Return: Last trading price of Sandur Manganese shares on BSE is Rs 562.90 apiece. The 52-week high price of Sandur Manganese shares on BSE is Rs 582.15 apiece and 52-week low price is Rs 142.32 apiece, respectively. The company has a market capitalisation of Rs 9,120 crore. Sandur Manganese shares gained 150% in last 6-months, gained 265% in last 1-year, and surged 300% in last 3-years. Sandur Manganese shares zoomed 894% in last 5-years. In last 10-years, Sandur Manganese shares surged 1911%.

Sandur Manganese Dividend History: The company also declared Rs 5.00 per share dividend and fixed September 13, 2023 as the record date. Sandur Manganese & Iron Ores Ltd announced 22 dividends since August 28, 2002. In the past 12 months, Sandur Manganese & Iron Ores declared an equity dividend amounting to Rs 5.00 per share. At the current share price of Rs 562.90, Sandur Manganese & Iron Ores Ltd offers dividend yield of 0.89%.

Sandur Manganese Quarterly Results: The company for the quarter ended September 30, 2023 announced its consolidated total income at Rs 202.62 crore, down 46.83% from last quarter total income of Rs 381.05 crore. The company announced its latest quarter net profit after tax at Rs 26.53 crore.

Sandur Manganese About: It is one of India's highly integrated and diversified commodity producers with a rich heritage and over six-and-a-half decades of experience in systematic, safe and scientific mining. Established in 1954, it has since expanded beyond mining operations to include the production of ferroalloys, coke and energy, and continue to work towards further downstream expansion and diversification, according to its official website.

Disclaimer: The stock just highlights the bonus 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.