5:1 Bonus Shares: Small Cap Stock Jumps 56% In 2-Weeks On Maiden Bonus Issue

Small cap stock operating in specialty retail industry Eastern Logica Infoway Ltd recommended bonus share in the proportion of 5:1 implying shareholders will be eligible to receive 5 bonus shares for every 1 share held as on the record date. Eastern Logica Infoway shares jumped 56% in last 2-weeks span and offered return of 341% in last 6-months. Check details below:

Eastern Logica Infoway Recommends Bonus Shares: As per the BSE filing of the company dated January 17, 2024, "Pursuant to Regulation 30 ofthe Listing Regulations, please be informed that the Board of Directors at their meeting held today, i.e., January 17, 2024 considered and recommended the bonus issue in the ratio of 5:1 i.e. Five new bonus Equity Share for every One existing fully paid up Equity Shares of Rs. 10/- each, subject to approval by the members and any other applicable statutory and regulatory approvals. Fu(her, the bonus shares will be credited to those members who are holding the equity shares as on a record date determined by the board of director(s) after approval of Shareholders in general meeting."

Eastern Logica Infoway Stock Performance & Return: Last trading price of Eastern Logica Infoway shares on BSE is quoted at Rs 1290.00 apiece with intraday gain of 4.88% at 2:25 pm. Eastern Logica Infoway has a market capitalisation of Rs 367.74 crore. Eastern Logica Infoway stock surged 341% in last 6-months and rallied 135% in last 3-months. In last 1-month, the scrip rallied 45%.

Eastern Logica Infoway About: The company retails electronics products. It offers computers, laptops, tablets, monitors, printers, hard discs, scanners, mobile phones, speakers, headset, power bank, headphones, keyboard, and other accessories, among others.

Disclaimer:

The stock 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 any losses. Please consult a professional advisor.