1:1 Bonus Share: Jewellery Stock Hits Upper Circuit, Issues New Record Date

Small cap company from the industry of gems & jewellery sector, Kanani Industries shares today hit 5.00% upper circuit and witnessed spurt in volume by more than 1.01 times. Last trading price of Kanani Industries shares on BSE is quoted at Rs 8.77 apiece. Kanani Industries shares offered return of 10% in last 1-week span and rose 17% in last 1-month. The company on December 9, 2023 recommended bonus share in the ratio of 1:1. The company on January 17 revised record date from January 25 to January 30, 2024 for 1:1 bonus issue. Check details below:

Kanani Industries Revises Record Date For Bonus Share: As per the BSE filing of the company dated January 17, 2024, revised Intimation of Record Date from 25th January 2024 to 30th January 2024 in the order to determine the number of Shareholders entitled for Bonus Equity Shares in the ratio of 1:1 (i.e. One Bonus equity shares of Re.1/- each for every one equity share of Re.1/- each held by the shareholders).

Kanani Industries Stock Performance & Return: The 52-week high price of Kanani Industries shares on BSE is Rs 10.20 per share and 52-week low price is Rs 5.43 apiece, respectively. The company has a market capitalisation of Rs 86.77 crore. Kanani Industries stock gained 12.44% year-to-date, gained 8% in last 3-months, rose 18% in last 6-months, and declined 2% in last 1-year. In last 2-years, the scrip fell 48% and rose 97% in last 3-years. Kanani Industries shares jumped 69% in last 5-years.

Kanani Industries Financials: The company declared its net sales at Rs 65.79 crore for September 2023, down 0.28% as against Rs 65.97 crore in the corresponding quarter of last year. The company announced its quarterly net profit at Rs 0.34 crore for Sept 2023, down 34.54% as compared to Rs 0.53 crore in Sept 2022. The company's EBITDA for the September 2023 quarter declined 40.48% to Rs 0.50 crore from Rs 0.84 crore in September 2022. The company's EPS fell 0.03 in Sept 2023 from Rs 0.05 in Sept 2022.

Kanani Industries About: Kanani industries limited (KIL) was initially incorporated on 22nd March 1983 with the Registrar of Companies Maharashtra, Mumbai, as a public limited company under the name of "Shivlaxmi Mercantile Company Limited" (later changed to IMP Finance Limited). KIL was acquired by Mr. Premjibhai D. Kanani and Mr. Vinubhai L. Kanani on 9th April 2007 vide change in management and control in shareholding of the company under the name IMP Finance Limited, which was subsequently changed to "Kanani Industries Limited" on October 19th, 2007 vide Certificate of Change of Name issued by the Registrar of Companies Maharashtra Mumbai, according to its official website.

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