4:5 Bonus Share: Small Cap Stock Hits 20% Upper Circuit, Up 150% In 3-Months

Shares of small cap company, Focus Business Solution Ltd touched 20% upper circuit and traded new 52-week high on July 11, 2023. Earlier, board of directors of Focus Business recommended bonus share on July 5, 2023 in the proportion of 4:5 bonus shares that implies shareholders will get 4 bonus shares for every 5 shares held as on the record date. Current market price of Focus Business share is Rs 103.20 per share as of July 11, 2023. Check details below:

Focus Business Solution Recommended Bonus Share: As per the regulatory filing of the company dated July 5, 2023, "Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in continuation of our previous outcome of board meeting held on today, Wednesday, July 05, 2023, due to typographical error, we hereby correct the ratio of issue of Bonus Shares to 4:5 i.e. 4 (Four) Bonus equity share of Rs.10/- each for every 5 (Five) fully paid-up equity share of Rs. 10/- each held by the Members of the Company as on the Record Date, in place of 5:4, subject to approval of the Members of the Company."

Focus Business Solution Stock Performance & Return: Current market price of Focus Business Solution share is Rs 103.20 per share on BSE. Focus Business Solution shares hit new 52-week high and traded upper circuit on July 11, 2023. Focus Business Solution stock traded new 52-week high on July 10 as well. Focus Business Solution share delivered 72% return in last 1-month, offered 150% return in last 3-months, 171% return YTD, and 203% return in last 1-year.

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.