Bonus Share Likely On Feb 14: Small Cap Stock Rallies 93% In 1-Month

Small Cap Company, operating in the industry of residential, commercial projects, Kesar India Ltd shares rallied 5.00% intraday today after the company informed on February 8 that it will consider issuance of bonus share on February 14, 2024. Kesar India shares hit 5% upper circuit and traded fresh 52-week high today. Kesar India has a market capitalisation of Rs 734.13 crore. Kesar India shares soared 180% in last 3-months. Check details below:

Kesar India To Consider Bonus Issue On Feb 14: As per the BSE filing of Kesar India dated February 14, 2024, "meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, February 14, 2024, inter alia,

1. To consider and approve the Unaudited Financial Results for the quarter ended December 31, 2023.

2. To consider and approve increase in Authorised Share Capital and alteration in Capital Clause "V" of Memorandum of Association of the Company.

3. To consider and approve of issue of Bonus Equity Shares."

Kesar India Shares Performance & Return: Last trading price of Kesar India shares on BSE is Rs 2079.45 apiece. The 52-week high price of Kesar India shares on BSE is Rs 2079.45 apiece and 52-week low price is Rs 100.40 apiece, respectively. Kesar India shares gained 1010% in last 6-months and rose 1364% in last 1-year.

Clarification Issued On Share Price Movement: The company as per its BSE filing dated Feb 1, 2024, "Referring your mail, we would also like to clarify that there is no pending information / announcement, to be made; as of date. As per our understanding, fluctuation in the share price of the Company seems market driven. Also, we would like to reiterate that, in the event there is any development which requires disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we will make the same in accordance with the regulatory requirements."

Kesar India About: The company is engaged in developing projects on land or selling plotted lands. It is chiefly engaged on development of plot, residential and commercial projects, among others. Its projects include kesar 45, kesar 29, kesar vihar, kesar signature and kesar gateway, etc.

Disclaimer:

The stock highlights the bonus share 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.