Bonus Issue: Mid Cap Services Stock Set To Consider Bonus Shares Tomorrow

Board of directors of mid cap services sector stock, IndiaMART InterMESH Ltd are scheduled to meet on April 28, 2023 to consider proposal for bonus shares tomorrow. The stock rallied 18% in last 3-months and 136% in last 3-years. Check details below:

IndiaMART InterMESH To Consider Bonus Shares Tomorrow: According to the BSE filing of the company, "In continuation to our earlier letter dated April 21, 2023, wherein it was informed that the Board Meeting of the Company is scheduled on Friday, April 28, 2023 and pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Board of Directors of the Company will also consider the proposal for issue of Bonus Shares, subject to the approval of shareholders of the Company, in the aforesaid Board Meeting."

IndiaMART InterMESH Stock Performance: The current market price of IndiaMART InterMESH is Rs 5261.25 on BSE with intraday fall of 0.25%. The stock's 52-week high price is Rs 5563.65 per share and 52-week low price is Rs 3676.05 per share, respectively. The company has a market capitalisation of Rs 16,107.09 crore.
IndiaMART InterMESH Return: The stock gave return of 21% YTD, 8% return in last 1-year, declined 37% in last 2-years, and gave a return of 136% in last 3-years.

IndiaMART InterMESH About: IndiaMART is India's largest online B2B marketplace, connecting buyers with suppliers. With 60% market share of the online B2B Classified space in India, the channel focuses on providing a platform to Small & Medium Enterprises (SMEs), Large Enterprises as well as individuals. Founded in 1999, the company's mission is 'to make doing business easy', according to its official website.

Disclaimer: The mid cap company will consider bonus issue proposal tomorrow. 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.