Multibagger Hardwyn India fixes record date for split, bonus; releases Q4 earnings
Business | May 30, 2023 16:30 ISTThe company in a filing informed that the board has fixed June 5, Monday, as the record date for the purpose of split and bonus.
The company in a filing informed that the board has fixed June 5, Monday, as the record date for the purpose of split and bonus.
The New Delhi headquartered Vikas Ecotech operates in the specialty chemical industry. It caters to the a variety of industries including agriculture, automotives, electricals, healthcare and others.
Trading in Apollo Micro Systems shares was halted after the aerospace and defence stock hit the upper circuit of 5 per cent at Rs 328.75 on BSE.
Maharashtra Day: All major financial markets including BSE, National Stock Exchange and more will remain closed on Monday on account of Maharashtra Day.
Rallying for the fifth straight session, the 30-share BSE Sensex jumped 463.06 points or 0.76 per cent to settle at 61,112.44. During the day, it surged 560.08 points or 0.92 per cent to 61,209.46.
The company has reported total income of Rs.51.9 crores during the Financial Year ended March 31, 2023 as compared to Rs.39.7 crores during the Financial Year ended March 31, 2022.
Multibagger Stock: The company has reported three-fold increase in consolidated net profit at Rs 1.68 crore during the March 2023 quarter, Integra Essentia said in a BSE filing.
With the global rice shortage looming large and being dubbed as the worst in 20 years, the Indian FMCG player has played a pivotal role in ensuring no shortage.
JTL Industries shares: The company has posted a Rs 36.65 crore consolidated net profit during the January-March quarter of financial year 2022-23, it said in a regulatory filing.
Hardwyn India Bonus, Split News: The rationale behind the split and bonus is to increase the liquidity and make the shares cheap. The price of the shares are adjusted in the ratio of declared split and bonus.
During intra-day, it hit a high of 60,101.64 and a low of 59,620.11. As many as 23 stocks in the index ended in the green and seven in the red. The broader NSE Nifty gained 119.35 points or 0.68 per cent to close at 17,743.40.
The demand of forging and machined components is going to rise further in view of large-scale expansion plans of existing companies and the new projects coming up in defence and infrastructure companies.
UltraTech Cement, Titan, Reliance Industries, Bajaj Finance, Mahindra & Mahindra, ICICI Bank, Tata Consultancy Services, Tech Mahindra, ITC and HDFC Bank were among the major laggards.
The split announcement comes within a year of bonus issue. The company in July last year declared 1:2 bonus for its shareholders. It means that each shareholder were given 1 bonus share for every two shares held by them.
The aerospace and defence company in an exchange filing informed that its equity shares will split in the ratio of 10:1. It means that each equity shares with a face value of Rs 10 will be sub-divided into 10 shares.
The textile sector is considered to be one of the critical sectors of the economy. It accounts for more than 2 per cent of India's total GDP. Based out of Gujarat, Axita is among the leading cotton ginning players.
The NSE and the BSE had put the three Adani group firms, including the flagship firm Adani Enterprises, under the ASM framework on March 8
The new face value of each share will be Re 1 after the split takes effect. Also, the market price of each share will also be adjusted in the split ratio.
Balu Forge is setting up a manufacturing facility in Belagavi town of Karnataka to increase production. During the Q3FY23, the company's net profit jumped by 38 per cent increase to Rs 11.45 crore YoY.
After gaining 375 points in the early trade, the BSE Sensex could not hold to gains and declined 897.28 points or 1.52 per cent to settle at 58,237.85 as 29 of its constituents declined while only one advanced.
Top News
Latest News
