1:1 Bonus Share: Debt-Free Stock Sets Record Date, Hits 52-Week High For 2nd Day In A Row

Small cap stock Shilchar Technologies Ltd on Tuesday gained 5.46% and traded new 52-week high after board of directors fixed record date for 1:1 bonus share. The stock hit 52-week high on August 28 as well. Shilchar Technologies shares gained 243% YTD and offered massive return of 476% in last 1-year. Check details below:

Shilchar Technologies Sets Record Date For 1:1 Bonus Share: According to the BSE filing dated August 26, 2023, "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we would like to inform you that Wednesday, 6th September, 2023 is fixed as the Record Date, for the purpose of ascertaining the eligibility of shareholders for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) new fully paid up equity shares of Rs. 10/- each for every 1 (one) fully paid up existing equity share of Rs. 10/- each held, subject to the In Principal approval of the BSE Limited."

Shilchar Technologies Shares Performance In last Few Days & Return: The current market price of the debt-free company's share as on August 29, 2023 is Rs 3363.00 apiece. The stock witnessed spurt in volume by more than 1.01 times today and 2.03 times on August 28. The stock's 52-week high price is Rs 3380.00 apiece and 52-week low price is Rs 552.10 apiece, respectively. The company's market capitalisation is Rs 1282.45 crore. Shilchar Technologies shares witnessed a rally of 161% in last 6-months, gained 1450% in last 2-years, and soared 2010% in last 3-years. In last 5-years, Shilchar Technologies shares surged 840%.

Shilchar Technologies Financials: The company for the quarter ended June 30, 2023 declared a decline of 27.62% in its standalone total income to Rs 69.79 crore as against the last quarter total income of Rs 96.42 crore. It announced its latest quarter net profit after tax at Rs 16.38 crore.

Shilchar Technologies About: Shilchar Technologies Ltd. is one of India's prominent manufacturers of Electronics & Telecom and Power & Distribution transformers. It was founded in 1990 to manufacture R-core transformers. In 1995, after an overwhelming response from the market, we ventured into the manufacturing of Ferrite transformers. As part of its expansion plans, it started manufacturing Distribution and Power Transformers in a phased manner from 2004 to 2007. It caters to a wide section of industrial segments from utility to renewable energy sector and to individual retail customers across the globe. With the commissioning of a state of the art manufacturing facility in April 2020, it can manufacture transformers up to 50 MVA, 132 KV Class. Up to 4000 MVA of transformers can be manufactured annually, according to its official website.

Disclaimer

The stock just 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 ay losses. Please consult a professional advisor.