Micro Cap Stock: 1:1 Bonus Shares, January 27 Record Date; Buy Right Now?

One of the top producers and suppliers of paper and plastic products for FMCG packaging is Technopack Polymers. The company has 12 years of expertise in creative packaging products. India's largest warehouses and top-notch production facilities for the import of plastic resin. Every year, it processes more than 10,000 tonnes of paper and plastics. Technopack is the only business that can provide its clients with a full line of superior plastic packaging options. It is also the top manufacturer of corrugated boxes and associated packaging materials. Following the company's announcement of the bonus share record date, Technopack Polymers' stock closed the day Friday 1.37% down at Rs 75.80 per share, with a market valuation of Rs 40.93 Cr.

Technopack Polymers Bonus Shares Record Date

"This is further to our letters dated December 04, 2024 and January 09, 2025 intimating the approval by the members for issue of bonus shares in the ratio of 1:1. In this regard, we wish to inform that the Company has fixed Monday, January 27, 2025 as the Record Date for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares of the Company," said Technopack Polymers in a stock exchange filing.

Technopack Polymers Bonus Shares Details

54,00,000 equity shares, totalling Rs. 5,40,00,0001, would be issued as bonus shares. 54,00,000 equity shares with a face value of Rs. 10 each made up the company's pre-bonus paid-up share capital, which totalled Rs. 5,40,00,000; however, 10,8,00,000 equity shares with a face value of Rs. 10 each made up the post-bonus paid-up share capital, which totalled Rs. 10,80,00,000/-.

On or before 02nd February, 2025, is the estimated date by which such bonus shares would be credited to the eligible equity shareholders of the company as on record date.

Technopack Polymers Share Price Target

"Technopack Polymers stock price is slightly bullish on the Daily charts with strong support at 73.1. A Daily close above resistance of 79.1 could lead to a target of 92 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.