Penny Stock Rolls Out 1:6 Bonus Shares: Record Date Nears On March 24; What Daily Chart Hints?

An Indian non-banking financial company (NBFC) is Enbee Trade & Finance Limited. The business has offered retail and MSME clients unsecured loans for the past 30 years. Following the Board's announcement of the record date for 1:6 bonus shares, Enbee Trade & Finance's shares finished Wednesday at a 5% lower circuit limit at Rs 8.90 per share, with a market capitalization of Rs 43.61 Cr.

Enbee Trade & Finance Bonus Shares

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company, in its meeting held on 17th March, 2025, has fixed Monday, March 24, 2025 as the Record Date for the purpose of determining the eligibility of shareholders entitled to receive the Bonus Shares as approved by the shareholders in Extra Ordinary General Meeting of the Company held on 15th March, 2025. Details of the Bonus Issue: Record Date: 24/03/2025, Ratio of Bonus Issue: [1:6 - One new share for every six existing shares held]," Enbee Trade & Finance said in a stock exchange filing on Tuesday.

Enbee Trade & Finance Financials

According to Moneycontrol's data, the company's net sales for the December 2024 quarter were Rs 4.71 crore, rising 116.29% from Rs 2.18 crore for the December 2023 quarter. In the quarter that ended in December 2024, its net profit was Rs. 0.82 crore, jumping 171.99% from Rs. 1.13 crore in the quarter that ended in December 2023. EBITDA climbed 913.33% from Rs. 0.45 crore in Q3FY24 to Rs. 3.66 crore in Q3FY25.

Enbee Trade & Finance Share Price Target

"Enbee Trade stock price is bearish on the Daily charts with strong resistance at 9.95. A Daily close below support of 8.9 could lead to a target of 7.6 in the near term," stated A R Ramachandran, Independent Research Analyst.

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