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Sun Retail Share Price: There are many penny stocks in the stock market which are in high demand. These stocks are also facing an upper circuit amid brisk buying by investors. On Tuesday, the first trading day of the week, many penny stocks hit the upper circuit. One such penny share is Sun Retail. The price of this share is Rs. is less than 1 and it reached the circuit above 5 percent on Tuesday as well. Let us tell you that there was no business in the stock market on Monday due to Christmas.
What is the share price?
The share price on Tuesday is 0.84 paise. On 6 April 2023, the share price was 0.89 paise. This is the stock’s highest level in 52 weeks. The share was at 0.41 paise on 14 March 2023. The stock is at a 52-week low. The stock has gained 45 percent in one month. During this period, the stock has made several upper circuits. While the six-month return has been more than 61 percent. Let us tell you that the promoter has no stake in the company. Public shareholding in this company is 100 percent.
Financial Status of the Company: On December 12, the company informed the stock exchange about its financial position. The company said it has Rs. 3224.40 lakhs liability and equity. The current assets of the company are 1746.76 lakh rupees.
A rights issue was announced
This year, Sun Retail announced a rights issue. The Company hereby announced to issue 46,55,04,000 equity shares to its investors in the ratio of 3 equity shares for each full payment. Its benefit was to go only to those investors who are shareholders. Sun Retail Limited manufactures and processes edible oils and oilseeds. The company offers cottonseed, peanut and sunflower oil products. Sun Retail serves customers in India.