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Latest Bonus Issue, Stock Split: 2 Small Cap Stocks Announce Decisions, 3 Months Return 437%
Board of two small cap stocks are ready to issue bonus shares and carry out stock splits. These companies are 7NR Retail and Indo Cotspin Ltd. Board of 7NR Retail has fixed record date for bonus issue and board of Indo Cotspin is all set to consider stock split. Indo Cotspin has given whopping returns of 437% in 3-months. Check key takeaways below:
1. Board of 7NR Retail Fixed Record Date For Bonus Issue
The board of directors of 7NR Retail has stated in the BSE filing, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, the Board of Directors has fixed Monday, 28th November, 2022 as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) new fully paid-up equity share of Re. 1/- each for every 5 (Five) existing equity shares of Re. 1/- each."
The record date for the bonus issue is November 28, 2022.
2. 7NR Retail Stock Outlook, Return, & About The Company
The current market price of the stock is Rs 1.25 apiece with an intraday gain of 3.31%. The stock's 52-week high is Rs 2.61 apiece and 52-week low is 1.11 apiece, respectively. The company has a market captialisation of Rs 29 crore. The stock has declined 93% in last 3-years and 27% in last 1-year.
3. Board Of Indo Cotspin To Consider Stock Split
The company said in the regulatory filing, "(a)Consider a proposal for sub-division of the Equity shares of the Company having a face value of Rs. 10/- each in such manner as may be determined by the Board of Directors; and (b) alteration of authorised share capital clause of the Company; subject to such regulatory /statutory approvals as may be required, including the approval of the shareholders of the Company."
4. Indo Cotspin Stock Outlook, Return, & About The Company
The current market price of the stock is Rs 97 apiece with a gain of 5% intraday. The stock hit its new 52-week high today. The 52-week high is Rs 97 apiece and 52-week low is Rs 14 apiece. The company has a market capitalisation of Rs 40.95 crore.
The stock has given maximum return in 3 months at 437%. The stock has given 675% return in last 5-year. The company came into existence in 1995 and operates in Textile sector.
Disclaimer
The stocks give details related to stock split, bonus issue, 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.
