Zero Debt Stock Hits 52-Week High On Recommending 1:1 Bonus Issue, Shares Rally 56% YTD

Small cap zero-debt burden company Nidhi Granites Ltd shares today hit upper circuit and 52-week high as it recommended 1:1 bonus share on March 15, 2024. Last trading price of Nidhi Granites shares on BSE is Rs 194.55 per share with intraday gain of 1.99%. Nidhi Granites shares zoomed 88% in last 3-months and rallied 176% in last 1-year. Nidhi Granites has an ROE of -0.64, PE of -1031, and EPS (TTM) of 0.19. The company's market capitalisation is Rs 77.82 crore. Check details below:

Nidhi Granites Recommends Bonus Share: As per the regulatory filing of the company dated March 15, 2024, "considered and Recommended to the Shareholders of the Company issue of bonus equity shares in the proportion of 1:1 i.e. 1 (One) new fully paid-up bonus equity share of Rs. 10/- (Rupees Ten only) each for every 1 (One) existing fully paid-up equity share of Rs. 10/- (Rupees Ten only) each held as on the record date through Postal Ballot in compliance with the applicable laws."

Nidhi Granites Shares Performance & Return: The 52-week high price of Nidhi Granites shares on BSE is Rs 194.55 per share and 52-week low price is Rs 58.50 per share, respectively. Nidhi Granites share surged 173% in last 6-months, rallied 175% in last 1-year, gained 69% in last 2-years, and offered return of 445% in last 3-years. In last 5-years, Nidhi Granites shares rose 509%.

Nidhi Granites Financials: The company for the quarter ended December 31, 2023 declared its consolidated total income at Rs 10.77 crore, up 22.16% as compared to last quarter total income of Rs 8.81 crore. The company announced its net profit after tax at .45 crore in the latest quarter.

Nidhi Granites About: It was originally Incorporated in the year 1981. Its key activity includes export and mining. The main goal of the company is to manufacture granite slabs and tiles.

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The stock just highlights bonus share 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.