02:05 Bonus Shares: 27th December Record Date; Best Bonus Share Pick To Buy?

In the field of architectural hardware, Hardwyn is a sign of innovation, quality, and dependability with a 57-year history of distinction. Hardwyn India Ltd. is a specialised producer and distributor of glass fittings, kitchen hardware, and architectural hardware. Following the announcement of the record date for 2:5 bonus shares by the company's Board of Directors, on Friday, the shares of hardware company Hardwyn India Ltd were trading at a level of Rs 20 per share. The stock's 52-week high is Rs 52 and its 52-week low is Rs 26. The company has a market cap of over Rs 1,040 crore with multibagger returns of over 128 per cent in 5 years.
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Hardwyn India Bonus Shares

"Pursuant to regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Company has fixed Friday, 27th December, 2024 as the "record date" for the purpose of determining the members eligible for the issue of bonus equity shares," said Hardwyn India in a stock exchange filing.

The Board of Directors considered and approved "Issue of 13,95,52,587 (Thirteen Crore Ninety Five lakh Fifty Two Thousand Five Hundred Eighty Seven) Bonus equity shares in the ratio of 02:05 i.e. 02(Two) fully paid-up equity share for every 05 (Five) existing equity share having face value of Rs. 1/- (Rupees One only) each, held by the members of the Company as on Record Date," informed Hardwyn India stock exchanges on 14th November 2024.

Hardwyn India News

Hardwyn India Ltd., India, and The Gyalsung Infra, Bhutan, recently signed an MOU on December 6th, which states that Hadwyn India Ltd. will supply all architectural hardware and glass fittings products for building renovations and future projects/construction carried out by The Gyalsung Infra in Bhutan. Products will be delivered for two years and have a value of around Rs 5 Cr, per the MOU. The company expressed its excitement over this new accomplishment and its long-term effects on stakeholders and business.

Hardwyn India Share Price Target?

"Hardwyn India stock price is bearish but also very oversold on the Daily charts with strong resistance at 30.94. Investors should buy only if the Daily close is the above-mentioned resistance for a target of 36. Next support will be at 27.17," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.