Shares of Globe Commercial Ltd gained 4.98% intraday after board of the company announced it will soon recommend bonus share in its next meeting scheduled to be held on December 14, 2022. The stock has already given multibagger returns in just 1-month span. The stock has given 120% return in 1-month, and 189% return in 3-months. Check key takeaways below:
1. Board Of Shares of Globe Commercial To Issue Bonus
The board of directors of the company said in the BSE filing today, "This is to inform that the Meeting of Board of Directors of the Company scheduled to be held on 14th December, 2022 to transact the following business: 1. To consider and recommend issue of bonus shares for approval of shareholders at the ensuing Annual General Meeting. 2. To approve the draft Addendum to the Notice of Annual General Meeting and authorize dispatch of Addendum to the shareholders. 3. To consider and approve the cut off date i.e. 22.12.2022 as record date for the purpose of ascertaining the entitlement of shareholders for the purpose of issue of Bonus shares. 4. To consider the appointment of Mrs. Gayatri Kataria as Company Secretary and Compliance Officer of the company. 5. Any other matter with the permission of the chair."
2. Globe Commercial Stock Outlook
The last trading price of the stock is Rs 32 apiece on BSE with an intraday gain of 4.98%. The stock's 52-week high is Rs 36 apiece and 52-week low is Rs 9 apiece, respectively. The company has a market capitalisation of Rs 9.80 crore.
3. Globe Commercial Return
The stock has given multibagger returns to investors with 1-week return at 4%, 1-month return at 120%, 3-months return at 189%, and 6-months return at 97%. In 1-year it has jumped 29%.
4. Globe Commercial About
The company is engaged in the Business of buyers, seller, distributors, stockist, agent, brokers, commission agent etc. in Sanitary ware ,cotton, jute, oils, rubbers, grains, seeds, vegetable products and other commodities related to steel and cast iron types.
It is also engaged in the financing to Industrial Company & Commercial and other enterprises, but not carrying on the business as defined under Banking Regulation Act, 1959. The Company has recently allotted 20,05,000 equity shares by way of preferential allotment under the provision of the applicable laws. It has taken the listing and Trading approval from the Metropolitan Stock Exchange of India Limited (Formerly known as "MCX Stock Exchange Limited").
The stock gives details related to bonus issuance. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.