Sakuma Exports Limited Share Price: The Board of Directors of Sakuma Exports met on Monday, July 1. In this meeting, the board of the company approved the issue of bonus shares and raising funds through placements with qualified entities. Let us tell you that the company is giving 4 shares as bonus for one share. The price of this stock is also less than 50 rupees.
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Shares of the company rose 2 percent on BSE on Tuesday at Rs. opened at 38.28. The company’s 52-week low is Rs. is 39.15. However, after hitting a 52-week high, the company’s shares have seen a decline. At 11.15 am, the stock that was going to give this bonus fell by 0.42 percent to Rs. was trading at 35.19.
Sakuma Exports has told the stock exchanges that for every share of face value of Rs 1, 4 shares will be given as bonus. However, the company has not yet announced the record date for these bonus shares. After obtaining the approval of shareholders, the company will issue bonus shares for the first time.
Apart from this, the board of the company has decided to raise Rs 500 crore. This funding will be done through QIP.
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150% return in 1 year
The stock market has increased by 164 percent in the last one year. This means that permanent investors have made huge gains during this period. At the same time, those who have held the stock for 6 months have gained over 87 percent. The market cap of the company is Rs 1106.18 crore.