Metal Stock Fixes New Record Date For Bonus Issue, Services Stock Hits 20% Upper Circuit

Leading company operating in Metals-Ferrous sector, Maharashtra Seamless has fixed record date for bonus equity shares. The new record date is November 28, 2022. Meanwhile, travel stock Easy Trip Planners Ltd has hit 20% upper circuit today as the shares trade 3:1 ex-bonus and 1:2 ex-split. Check key takeaways below:

1. Easy Trip Planners Hits 20% Upper Circuit

The shares of leading services sector stock have hit 20% upper circuit today as it is trading 3:1 ex-bonus and 1:2 ex-split. The stock opened at Rs 54 apiece, touched the day's high of 57.15 apiece, and day's low of Rs 51.70 apiece, respectively. The company has a market capitalisation of Rs 9,934 crore. The small cap company operates in Services sector.

Earlier, the board of directors of Easy Trip Planners in its regulatory filing intimated the record date as November 22, 2022. The eligible share holders will receive 3 bonus shares for every 1 share held as the company announced 3:1 bonus share.

Easy Trip Planners also announced 1:2 stock split which means a share having face value of Rs 2 each shall be divided into two equity shares with new face value of Re 1 each.

The company came into existence in 2008. The stock has declined 86% in last 6-months.

2. Maharashtra Seamless Sets New Record Date For 1:1 Bonus Issue

The board of directors of the company stated in the BSE filing on November 19, 2022, "With reference to our letter dated 11th November, 2022, wherein we had intimated the 'Record Date' as 24th November, 2022 for issue of bonus equity shares, subject to approval of shareholders. As suggested by the Stock Exchanges, the Record Date for issue of bonus equity shares has been revised and fixed Monday, 28th November, 2022 as 'Record Date' to ascertain the shareholders entitled to receive bonus equity share in the proportion of 1 (One) Equity Share for every 1 (One) existing Equity Share, subject to the approval of shareholders which is being obtained through Postal Ballot."

Maharashtra Seamless Stock Outlook: The current market price of the stock is Rs 785 apiece with an intraday decline of 2.41%. The mid-cap stock has a market capitalisation of Rs 5,263 crore.

The stock's 52-week high is Rs 910 and 52-week low is Rs 448 apiece. The stock has given 108% return in 3-years and 53% in 1-year.

Disclaimer

The stock gives details related to bonus issue and stock split. 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.