Bonus Share News: After receiving approval from members through postal ballot, The company Board of directors of Mutlibagger Penny Stock Rama Steel Tubes Ltd on 24th January, 2024 approved Bonus Share in 2:1 ratio to its share holders.
Table of Contents
Fundamentals of Bonus Share Company
- Market Capital: Rs. 2,232.44 Crore
- 52 weeks low: Rs. 26.45
- 52 Week High; Rs. 50.50
- 1 Month Return: 22.63%
- 3 Month Return: 39.45%
- 6 Month Return: 15.51%
- 1 Year Return; 22.46%
- 5 Year Return: 1,020.65%
- All time Return: 1,406.69%
- Promoters Holding: 57.23%
- FII holding: 0.33%
- Mutual Funds holdings; 0.59%
- Retail Holding: 41.84%
Check Stock Rama Steel Ltd Price LIVE
Peer Competitors of Bonus Share Company
- Dhatre udyog Ltd
- Vaswani Industries ltd
- Cosmic CRF Ltd
Positive Impacts of Rama Steel
- Price rise; In the last week, this stock has moved up by 11.3%
- Promoters’ Holding Up: Promoters have increased holding from 57.14% to 57.23%.
- Best in 3 years: This stock has outperformed top 5 stocks with highest market capital in Iron and steel sector.
- Retail holding up: increased from 41.84 to 41.86%
Negative Impacts of Rama Steel:
- Profit Down by 24.9% per quarter
- Revenue Fall by 27.6% per quarter.
Bonus Shares Details:
Along with the issuance of Bonus Shares, The company also rescinded its proposal for amalgamation with Lepakshi Tubes Private Limited.
In other words, a shareholder would receive 2 fully paid-up bonus equity shares of Rs.1 for every fully paid-up equity share of Rs. 1. If the company’s members approve it through a postal poll, shareholders will receive this advantage.
Sources claimed that the business would shortly reveal the record date. The stock market will be notified individually about this by the company. Please note that the record date determined which stockholders will be eligible for these bonus shares.
The Multibagger penny stock company’s permitted share capital will reach from Rs.550000000 to Rs. 2000000000. However, it will only proceed with the consent of the company’s members, who’ll vote by mail. The company eas reportedly founded in 1974.
At the moment, Currently, Rama Steel Tubes produces square sections, poles, pipes, and tubes in black and galvanized finishes. The company’s products are utilized in several industries, including infrastructure, communications, irrigation, housing and defense.
In this market, the corporation is among the top producers in the nation.
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