Board Of Mid Cap Plastics Sector Stock Approves 1:3 Bonus Share, Stock Rises 130% In 3-Yrs

Board of Mid cap plastics sector stock, Astral Ltd on February 7 approved bonus share in the ratio of 1:3 and fixed March 14, 2023 as the record date. It implies that investors will get 1 bonus share for every 3 shares they hold. The stock gave a return of 348% in last 5-years. It has a market capitalisation of Rs 41,802.68 crore. Check key details below:

1. Astral Ltd Sets Record Date For 1:3 Bonus Share

According to the BSE filing of the company, "Recommended issue of bonus equity shares in the proportion of 1 :3, that is 1 (One) bonus equity share of Re. 1/- each for every 3 (Three) fully paid-up equity shares held, as on the record date, subject to approval of the Members of the Company. Information as per regulation 30 of SEBI (LODR) Regulations, 2015 is enclosed herewith."

The company has fixed Tuesday, March 14, 2023 as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares.

2. Astral Ltd Stock Performance & Return

The last trading price of the stock is Rs 2075 apiece with an intraday fall of 0.87%. The stock's 52-week high is Rs 2654.00 apiece and 52-week low is Rs 1584.00 apiece, respectively.

The stock gave a return of 4% in last 6-months, a little over 1%, 130% in last 3-years, and 348% in last 5-years.

Astral's consolidated net profit declined 27% YoY to Rs 93 crore. Meanwhile, revenue from operations surged 15% YoY to Rs 1,267 crore in the December quarter.

3. Astral Ltd About

Astral Limited is engaged in manufacturing plumbing and drainage systems. It offers plumbing pipes, fittings, insulation tubes, fire sprinklers, water tanks, cable protection, and drainage systems, among others. Astral serves residential and industrial customers in India.

 

Disclaimer

The stock gives details pertaining to bonus share and record date. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.