Shares of Hardwin India Limited rise by more than 9%

Shares of Hardwyn India Ltd registered a rise of more than 9% today.

• Shares of the company opened at Rs 29.66 and reached Rs 31.85 during the day.
• The main reason for this surge is the announcement of record date for bonus shares.

When is the record date for bonus shares?

In the information given to the stock markets, the company said that:

• The record date for bonus shares has been fixed on December 27.
• The company will give 2 bonus shares for 1 share of face value of Re 1.
• This is the third consecutive year that the company has decided to give bonus shares.

Bonus share announcements in previous years:

1. 2022: 1 bonus share for 2 shares.
2. 2023: 1 bonus share for every 3 shares.
3. 2023: In the same year, the company had reduced the face value from Rs 10 to Rs 1 by doing stock split.

How was your performance in the last one year?

Decline:

• The company's shares declined by 33% in the last 3 months.
• The share price decreased by 19.69% in the last 1 year.

Highest and lowest level:

• 52 Week High: ₹51.77.
• 52 Week Low: ₹26.10.

Market Cap:

The total market cap of the company is more than ₹1,000 crore.

Track record of long term returns

• Last 2 years: Share price increased 29%.
• Last 3 years: The stock gave a return of 642%.
• Last 5 years: The stock price rose 2247%, leading to huge profits for positional investors.