Small Cap Stock Of Rs 160 Cr To Trade 1:2 Ex-Bonus Today, Shares Soar 62% In 3 Months

Sikko Industries Limited is engaged in to production of agricultural chemicals. It offers pesticides, fungicides, fertilizers, weedicides, seeds, and soil conditioners. It has a market capitalization of approximately Rs 160 crore as of writing the report. The company earlier this year in September announced 1:2 bonus issue and today the shares will trade ex-bonus. Check key takeaways below:

1. Sikko Industries Bonus Issue Details

The company announced bonus issue on September 9, 2022. The board of directors of Sikko Industries in its NSE filing stated, "Proposed approval of shareholders for increase in the Authorized Share Capital of the Company, from Rupees 12,00,00,000/‐ (Rupees Twelve Crores only) divided into 12000000 (One Crore Twenty Lacs only) Equity Shares of Rupees 10/‐ (Rupees Ten Only) each, to Rupees 17,50,00,000/‐ (Rupees Seventeen Crores Fifty Lacs Only) divided into 17500000/‐ (One crore Seventy Five Lacs Only) Equity Shares of Rupees 10/‐ (Rupees Ten Only) and consequent amendment in the Capital Clause (Clause V) of Memorandum of Association of the Company; Recommended the issuance of bonus equity shares, in the ratio of 1 : 2 ‐ i.e. 1 new fully paid Bonus Equity Share of Rupees 10.00 each for every 2 fully paid Equity Share of Rupees 10.00 each held as on the record date, to be determined by the Board of Directors on later date, subject to the approval of shareholders."
Today shares of Sikko Industries will trade ex-bonus.

2. Sikko Industries Stock Outlook

The current market price of stock is Rs 100 apiece with 52-week high at Rs 115 and 52-week low at Rs 28 apiece, respectively.

3. Sikko Industries Return

The stock has given a return of 680% in last 5-years, 914% in last 3 years, and 114% in last 1 year. The stock has given a whopping return of 62% in just 3-months only.

Disclaimer

The above stock will trade ex-bonus today. Readers should not construe the story for investment advice into the mentioned stocks.