Small Cap Real Estate Stock Fixes Record Date For 3:1 Bonus Issue, Shares Jump 100% In 4 Months

Modis Navnirman Ltd is a small cap company and came into existence in 2015. It subsequently converted from LLP to a public limited company earlier this year. It is engaged in real estate sector. The company is engaged in real estate development of residential and commercial projects in India. The real estate company has fixed record date for 3:1 bonus share on October 26, 2022. Check key takeaways below:

1. Modis Navnirman Sets Record Date For Bonus Issue

The board of directors of the company has fixed record date for 3:1 bonus issue. According to its regulatory filing, "In compliance with Regulation 42(2) & (3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Company has fixed Friday, October 28", 2022 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the proportion of 3 (Three) fully paid-up equity shares for every 1 (One) existing fully paid-up equity share held subject to the approval of shareholders which is being obtained through Postal Ballot process."

2. Modi Navnirman Stock Outlook

The current market price of Modis Navnirman Ltd is Rs 378 apiece with a 52-week high at Rs 378 and 52-week low at Rs 184 apiece, respectively. The company has a market capitalisation of Rs 160 crore.

3. Modi Navnirman Return

The stock has given a return of 100% in last 4 months, 26% in last 3 months, and 16% in last 1 month. In last 1 week it has given a return of 16%.

Disclaimer

The above stock declared record date to determine eligibility of shareholders for bonus share. Readers should not construe the story for investment advice into the mentioned stocks.