Penny Stock Below Rs 30 To Consider Bonus Issue, Shares Rally 8.87% In 1-Week

Small cap stock operating under the textile sector Axita Cotton Ltd will hold meeting of Board of Directors on August 9, 2024 to consider financial results and bonus issue. Current market price of Axita Cotton share on BSE is Rs 22.84 per share with intraday fall of 0.39%. Axita Cotton shares offered over 8% return in last 1-week and zoomed 998% in last 3-years. Its market capitalisation stood at Rs 595.85 crore. More details below:

Axita Cotton To Consider Financial Results, Bonus Share On August 9: According to the BSE filing of Axita Cotton issued as on July 29, 2024, "a Meeting of the Board of Directors of Axita Cotton Limited ("the Company") will be held on Friday, August 09, 2024, at the Registered Office of the Company, inter-alia, to consider, recommend and approve:

1. the Un-audited Financial Results (Standalone & Consolidated) along with the Limited Review Report of the Company for the quarter ended on June 30, 2024;

2. the proposal of issue of Bonus Shares to the existing Equity Shareholders of the Company;

3. Any other business with the permission of the Chairman."

Axita Cotton Share Performance: The 52-week high price of Axita Cotton shares on BSE is Rs 35.39 per share (09/01/2024) and 52-week low price is Rs 19.16 per share (as on 29/08/2023), respectively. Axita Cotton shares gained 7% in last 2-weeks, declined 14% in last 6-months, gained over 12% in last 1-year, and offered return of 915% in last 5-years.

Axita Cotton About: It was formed to start business of production and trading of Seed cotton ("Kapas"), Cotton Seed, Cotton Seed Oil, Cotton cake etc and for which land admeasuring area of 5708 Square Meters was acquired at Chattral, Kadi Road, Mehsana. It was incorporated on July 16, 2013.

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