Rs 82/Share Dividend, 4:1 Bonus Issue: Small Cap Holding Stock Hits 52-Week High

Shares of small cap company operating in holding sector, Kama Holdings Limited hit fresh 52-week high on Friday after board of directors announced bonus share in the proportion of 4:1 implying shareholders will get 4 bonus shares for every 1 equity share held as on the record date. Earlier, Kama Holdings shares went ex-dividend on August 31 for Rs 82 per share dividend. Check details pertaining to Kama Holdings bonus issue and dividend below:

Kama Holdings Bonus Issue Announced On September 1, 2023: According to the exchange filing of Kama Holdings dated today, "In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors at their meeting held today (started at 11:00 a.m. and concluded at 01:45 p.m.) inter-alia considered and approved Increase in the Authorised Share Capital and Bonus Issue of Equity Shares in the proportion of 4 (Four) Equity Share of Rs. 10/- each for every 1 (One) Equity Shares of Rs. 10/- each held by the shareholders of the Company as on the record date, subject to the approval of shareholders through Postal Ballot in compliance with the applicable laws."

Kama Holdings Announced Interim Dividend: According to the BSE filing of the company as on August 23, "We wish to inform you that the Board of Directors at its meeting held today has declared interim dividend @ 820% i.e. Rs. 82 per share on the paid-up equity share capital of the Company. Dividend would be paid to members whose names appear on the Register of Members and the beneficial owners as per details received from National Securities Depository Limited and Central Depository Services (India) Limited, as on the Record Date i.e. Thursday, the 31 st August 2023 which has already been communicated to Exchanges by letter dated 16 th August, 2023."

Kama Holdings Stock Outlook & Return: The last trading price of Kama Holdings share is Rs 14,910.00 apiece with intraday gain of 0.98% on BSE. Its 52-week high price is Rs 15,485.00 apiece and 52-week low price is Rs 11,750.10 apiece, respectively. The company's market capitalisation is Rs 9,569.41 crore. Kama Holdings shares gained 22% in last 1-week, 22% in last 2-week, 13% in last 1-year, and 200% in last 3-years. Kama Holdings stock soared 195% in last 5-years.

Kama Holdings Financials: Kama Holdings for the quarter ended June 30, 2023 declared dip of 10.73% in its consolidated total income at Rs 3,363.96 crore as compared to its preceding quarter total income of Rs 3,768.35 crore. The company declared its latest quarter net profit after tax at Rs 361.68 crore. It announced a 15% rise in its revenue for the quarter ended June 30, 2023 at Rs 8.07 crore as against Rs 6.97 crore in the corresponding quarter last year.

Kama Holdings About: It is a leading core investment company engaged in the business of holding long-term investments in its subsidiaries. Its key segments are technical textiles business, chemicals business, and packaging film business, among others.

Disclaimer

The stock just highlights the dividend, bonus issue and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.