1:1 Bonus Issue Declared: Small Cap Rubber Sector Stock Soars 834% In 2-Years

Small cap stock, with multibagger returns in last 1-year, Tinna Rubber and Infrastructure Limited announced issuance of bonus share in the proportion of 1:1 on July 29, 2023. Last trading price of Tinna Rubber share is Rs 727.75 per share. Tinna Rubber shares rallied 112% in last 1-year and soared 3292% in last 3-years only. Check details below pertaining to bonus issue:

Tinna Rubber Declares 1:1 Bonus Issue: According to the BSE filing of Tinna Rubber dated July 29, "Issue of Equity Bonus Shares in proportion of 1:1 i.e. 1 (One) equity share of Rs 10/- each for every 1 (One) existing equity share of Rs 10/- each held by the shareholders of the Company as on record date, subject to the approval of shareholders at the ensuing annual general meeting and other statutory/regulatory approvals, consents, permissions, conditions, and sanctions, as may be necessary. In this respect, the record date shall be decided by the Board post approval of the shareholders and thereafter shall be intimated to the Stock Exchanges."

Tinna Rubber Stock Performance & Return: Last trading price of Tinna Rubber stock is Rs 727.75 apiece with intraday fall of 11.30%. However, Tinna Rubber shares hit back-to-back 52-week high for 2 days in a row on July 28 and July 27. The shares traded new 52-week high on July 25 and July 24. The 52-week high price of Tinna Rubber share is Rs 848.00 per share and 52-week low price is Rs 325.00 per share, respectively. Its market capitalisation is Rs 623.30 crore.

Tinna Rubber shares soared 90% in last 6-months, jumped 112% in last 1-year, and soared 3292% in last 3-years. In last 5-years, Tinna Rubber shares jumped 1492%.

Tinna Rubber Financial Outlook: The company for the quarter ended June 30, 2023 declared its consolidated total income at Rs 80.87 crore, up 6.34% as against its last quarter total income of Rs 76.05 crore. It announced its recent quarter net profit after tax at Rs 6.58 crore.

Tinna Rubber About: Tinna Rubber And Infrastructure Limited, founded in 1987 under the leadership of Bhupinder Kumar Sekhri. It is expanding as a fully integrated company converting waste tyres into downstream value-added products. It sourced state-of-the-art technology from Japan and started automation of rubber compounding for manufacturing of footwear soling sheets, according to its official website.

Disclaimer: The stock just highlights the bonus issue 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.