Bonus Share News | This company announced bonus shares, will get free shares in the ratio of 1:1
Bonus Share News Many stock market companies are gifting bonus shares to their shareholders. Now a company will give bonus shares to its investors after 12 years. The company is called Transformers and Rectifiers Limited. The company said in a statement sent to the stock exchanges on Wednesday, January 8 that its board of directors has approved the issue of bonus shares to shareholders in the ratio of 1:1. This means that shareholders of the company will get one free share for every share they hold.
date of record
After this announcement, shares of Transformers & Rectifiers rose more than 4 percent to Rs 1,297.80 in Wednesday's trade. The company has not yet announced the record date for the bonus shares. The company has decided to issue bonus shares for the first time since 2013. At that time, the company issued one bonus share for every nine shares outstanding.
profits increased
Transformers and Rectifiers' net profit tripled to Rs 55 crore in the December quarter. Profit in the same quarter a year ago. It was Rs 15.6 crore. Out of this, Rs 7 crore was given to the company to increase revenue from other sources. The company's revenue in the December quarter rose 51.5 percent to Rs 559.4 crore compared to a year ago. Operating profit of Transformers and Rectifiers increased to Rs 84.8 crore in the December quarter from Rs 35.6 crore in the same quarter last year. At the same time, EBITDA margin increased to 15.2% from 9.6% in the same quarter a year ago.
stock returns
Transformers and Rectifiers has given 63% returns to its investors in the last one year. However, the stock market has currently put these shares on the additional watch list. The company's shares are currently in Stage 4 of the Addition Surveillance Major Framework.
Disclaimer : Investing in mutual funds and stock market is based on risk. Before investing in the stock market, definitely consult your financial advisor. tezzbuzz.com will not be responsible for any financial loss.
Comments are closed.