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Finance Services Sector Stock Recommends Bonus Issue, Rises 770% In 3-Years

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Choice International Limited is one of India's leading Financial Services conglomerate catering to not only India but also the entire Globe. It has been in the industry since 1993 and as on date has expanded to be a go-to Finance company for a major chunk of Individuals as well as Institutions. The company has a market capitalization of Rs 2,155 crore at the time of writing the story (1:01 pm).

 

The board of directors of the company recommended bonus issue in the ratio of 1:1. Check key takeaways pertaining to stock outlook and bonus issue below:

1. Choice International Limited Recommends Bonus Share In 1:1 Ratio

1. Choice International Limited Recommends Bonus Share In 1:1 Ratio

The board of directors of the company in their regulatory filing dated August 4, 2022 stated, "The Board bas recommended the Issue of Bonus Shares in the ratio of l: 1 i.e. one equity share for each fully paid up equity share held as on record date fixed for the purpose. Consequent to the bonus issue, the total paid up share capital will be Rs. 99,51,20,000/-(Rupees Ninety Nine Crores Fifty One Lakhs Twenty Thousand only) from the existing Rs.49,75,60,000/-.( Rupees Forty Nine Crores Seventy Five Lakhs Sixty Thousand Only ). The bonus issue of equity shares is subject to the approval of the Shareholders at the 291h Annual General Meeting ("AGM") and any other applicable statutory and regulatory approvals, as may be required. The Company will inform in due course the Record date for determining entitlement of the shareholders to receive Bonus Shares."

2. Choice International Limited Stock Outlook
 

2. Choice International Limited Stock Outlook

The current market price of the stock is Rs 433 apiece with a gain of 0.66% till noon trading today. The stock scaled a 52-week high of Rs 447 apiece and touched the 52-week low of Rs 102 apiece. It has an ROE of 0.82. It has a TTM PE of 44.54 and TTM EPS of 9.72.

Multibagger Returns: The stock has given return of 432% in 5 years, 770% return in 3 years, and 156% in 1 year.

3. About Choice International

3. About Choice International

Choice Group has a strength of over 2500 employees spread across 28 branches in India along with 4 International Offices in London, Hong Kong, Dubai and Nairobi. The firm also has strengthen its presence with franchises and business partners spread across every location in India and across the Globe. Today, Choice International Limited has a plethora of financial services which serve their massive clientele list.

Some of the broader services are management consulting, taxation, investment banking, ipo readiness, corporate finance, merchant banking, gst, accounting and compliance, international business consulting, business advisory, stock markets investment and trading, mutual funds investment etc.

Story first published: Tuesday, August 9, 2022, 13:21 [IST]
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