Bonus Stock To Buy: After Giving 2900% Return, Small Cap Petroleum Stock To Issue Bonus Shares

The board of director of Sarthak Industries Ltd is planning to consider issuance of bonus shares and a meeting of board of directors of the company has been scheduled for the same. The meeting will be held on November 14, 2022. In order to become eligible to receive bonus shares of the company, you need to buy the stock before the ex-bonus date.
Bonus shares are additional shares given to the existing shareholders without any extra cost, on the basis of the number of shares that a shareholder holds. Bonus shares are company's accumulated earnings which are not given out in the form of dividends, but are converted into bonus shares of free shares. Check key takeaways below:

1. Sarthak Industries To Consider Issuance Of Bonus Shares

The board of directors of the company stated in the regulatory filing, "Notice is hereby given that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, 14th November, 2022, inter alia, i. To consider and approve the Un-audited Financial Results of the Company for the quarter and half year ended 30th September, 2022. ii. To consider issuance of Bonus Shares by the Company."

2. Sarthak Industries Stock Outlook

The current market price of the stock is Rs 182 apiece with 52-week high at Rs 193 apiece and 52-week low at Rs 46 apiece, respectively. The stock hit new 52-week high on November 4, 2022.

3. Sarthak Industries Return

The stock has given a whopping return of 2967% in last 5-years, 59% in last 1-year, 156% in last 6-months, and 295% in last 3 months.

4. Sarthak Industries About

The company is engaged in manufacturing of LPG Cylinders at works situated at Industrial Area, Pithampur, Dist. The LPG Cylinders are supplied to Oil Companies like Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Ltd. and Bharat Petroleum Corporation Ltd. and also to private companies, according to its official website.

Disclaimer

The stock provides details pertaining to bonus issue. 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.