Multibagger Textile Stock Announces Bonus Stock at 1:10 Ratio
What is Bonus Sharing?
These are additional shares allocated to existing shareholders at no additional cost, based on the number of shares a shareholder holds. Free shares are the accumulated profits of the company which are not distributed as dividends but are converted into free shares of free shares.
Shubham Polyspin Ltd board recommends free shares
The company’s board said in its ESB filing: “Recommended the issuance of 1 (one) free participating share of Rs. 10/- each fully paid for the 10 (ten) shares of existing holdings of Rs. 10/- each by using Rs. 1,10,20,000/- on part of the credit balance of the current profit and loss account and as reflected in the financial statements of the company as of March 31, 2022 . »
Shubham Polyspin Ltd to explore possibilities for expansion
The company also announced that it will explore opportunities to expand overall production capacity and/or increase production of Twine PP Thread in a phased manner.
Shubham Polyspin Ltd Stock Outlook
The current market price of the share is Rs 207 each with a high of 52 weeks at Rs 315 and a low of 52 weeks at Rs 115 each. The stock fell 4.99% intraday.
Shubham Polyspin Ltd Market Capitalization
The company has a market capitalization of Rs 228.94 crore.
Shubham Polyspin Ltd Back
The action has a given yield of 33% in 3 months, 42% in 1 year and 847% in 5 years. It fell by 20% in 1 month.
Shubham Polyspin Ltd About
Over a period of 8 years, Shubham Polyspin Ltd has become a highly sought after brand in the PP yarn industry and as a polypropylene manufacturer across the globe, according to its website. Shubham Polyspin is an experienced manufacturer of polypropylene products like PP yarn, narrow fabrics, etc.