Bonus Share: Investors betting on bonus shares should keep an eye on shares of Titan Intake Limited in the stock market this week. The company is giving bonus shares. It will trade as an ex-bonus stock on the stock market this week. Let us tell you that despite the increase of more than 4 percent on Friday, the share price of the company is less than 100 rupees.
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The company said that for every 5 shares of face value of Rs 10, 3 shares will be given as bonus. In a disclosure to the stock markets on May 7, the company said that the record date fixed for the bonus issue has been changed. The company has said that the previous record date was May 14. Which has been extended to 17th May, Friday.
For the first time, the company is gifting bonus shares to investors.
How is the company performing in the stock market?
On Friday, shares of Titan Intake Ltd rose 4.81 percent on the BSE to Rs. closed at 95.83. In the last one year, the share price of the company has seen an increase of 76 percent. At the same time, investors holding for 6 months have made a profit of 57.1 percent so far. Let us tell you that in 2019, the share price of the company was less than 7 rupees. Since then, the price of this stock has seen an increase of 1389 percent.
If we talk about the last 3 months, during this period the share price of the company has increased by 21 percent. However, the share price of Titan Intake Limited has declined by 9.4 percent in the last one month. The company’s 52-week high per share stood at Rs. 113 and 52 week low of Rs. 38.60 per share. The market cap of the company is Rs 110.68 crore.