1:1 Bonus Issue: Small Cap Stock Sees 19% Rally In 1-Day; Shares Rise 518% In 1-Yr

Shares of small cap stock operating in Agriculture sector Indo Us Bio-Tech Ltd witnessed a strong rally of 19% on August 22 and traded new 52-week high. Indo Us Bio-Tech shares already delivered multibagger returns in last 3-months and soared 518% in last 1-year only. The boar of Indo Us Bio-Tech on August 18 revised record date for 1:1 bonus issue. Check details below:

Indo Us Bio-Tech Revises Record Date For Bonus Issue: The company issued a BSE filing on August 18 informing shareholders the new record date for 1:1 bonus issue. As per the exchange filing, "Pursuant to Regulation 30 and Regulation 42 of Securities and Exchange Board of India (Listing & Obligation Disclosure Requirements) Regulations, 2015, we have revised the Record Date from Friday, 25th August, 2023 to Tuesday, 29th August, 2023 as Saturday is not considered as a working day."

Earlier on July 7, 2023 the board of directors of Indo Us Bio-Tech recommended Bonus Issue of Equity Shares in the proportion of 1 (One) Equity Share of Rs, 10/- each for every 1 (one) Equity Shares of Re 10/- each held by the shareholders of the Company as on the record date.

Indo Us Bio-Tech Stock Performance & Return In Last Few Years: Last trading price of Indo Us Bio-Tech share is Rs 519.20 apiece with intraday surge of 18.95%. Its 52-week high price is Rs 520 apiece and 52-week low price is Rs 88.00 apiece, respectively. The company has a market capitalisation of Rs 520.55 crore. Indo Us Bio-Tech shares delivered 146% return in last 3-months, gained 247% YTD, soared 777% in last 2-years, and jumped 1226% in last 3-years.

Indo Us Bio-Tech Financial Outlook: The company for the quarter ended June 30, 2023 announced its standalone total income at Rs 19.17 crore, up 5.76% as compared to last quarter total income of Rs 18.13 crore. The company in its recent quarter announced its net profit after tax at Rs 2.37 crore.

Indo Us Bio-Tech About: It is a specialized agriculture seed company with its own research station, marketing network and seed production bases. The company INDO US BIO-TECH LIMITED which was originally incorporated on 4th Feb 2004, With headquarter in Ahmedabad, Gujarat. Through sophisticated testing methods, the company also ensures that seeds dispatched to different geographic locations perform well in the agro climatic & agro-ecological conditions of those locations, according to its official website.

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