Bonus Issue, Stock Split: Metal Stock Hits Upper Circuit For 2nd Consecutive Day

Board of small cap stock Rudra Global Infra operating in metals and ferrous sector will hold a meeting on September 5, 2023 to consider bonus issue and stock split. Rudra Global Infra shares hit back to back upper circuit on August 29 and August 28. Check details below:

Rudra Global Infra To Meet On September 5 For Bonus, Stock Split: According to the BSE filing of the company dated August 26, "A meeting of The Board of Directors of the company is scheduled to be held on September 05, 2023, at 04:00 PM to inter alia, consider and approve the following businesses;

1) To consider stock split /sub-division of equity shares of the company.

2) To increase the authorized share capital of the company and subsequent alteration to the memorandum of association of the company.

3) To recommend and approve the issue of bonus shares to the equity shareholders of the company.

4) To discuss any other business with the permission of the chair.

Rudra Global Infra Stock Performance & Return: Current market price of Rudra Global Infra share is Rs 113.20 apiece with intraday gain of 4.96%. Rudra Global Infra share hits upper circuit for 2nd day in a row. The stock's 52-week high price is Rs 147.70 apiece and 52-week low price is Rs 54.25 apiece, respectively. The company's market capitalisation is Rs 283.97 crore. Rudra Global Infra shares surged 31% in last 3-months, gained 5% in last 1-year, soared 269% in last 2-years, and surged 11% in last 3-years.
Rudra Global Financials: The company for the quarter ended June 30, 2023 declared its consolidated total income at Rs 138.31 crore, up 1.86% as compared to last quarter total income of Rs 135.78 crore. It announced its recent quarter net profit after tax at Rs 4.40 crore.

Rudra Global About: The company is engaged in the steel industry. It manufactures TMT bars and Billets and trades in Cement. The group is engaged in various businesses like Ship recycling, oxygen plant, Induction Furnace, Re-rolling mill, producing more than 2 Lakh MT per annum of steel, with a group turnover around 1000 crore per annum.

Disclaimer

The stock just highlights the bonus issue, stock split 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 ay losses. Please consult a professional advisor.