On August 4, the company’s board of directors issued a statement regarding its bonus announcement. Accordingly, the company will issue bonus shares to its shareholders in the ratio of 2:1 (two bonus equity shares for every equity share). By further capitalizing Rs. 4,87,31,85,886/free reserves and reported that there is an income balance of surplus of the company.
The company has returned 56% in last one year, 198% in 3 years and 69% in 5 years. The stock has given its investors 20% profit in the last one month alone. So this stock is on the recommended buy list.
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