Syn Luggage restricted declares 2-1 bonus share final thre inventory provides 600 % return

Small cap firm Syn Luggage Restricted has given a giant present to the buyers earlier than Diwali. The corporate has introduced bonus shares on 22 October 2022 i.e. Saturday. Eligible buyers can be given 2 bonus shares for every share of the corporate. Tell us about this bonus share in particulars –

The corporate stated within the data given to BSE, “The choice of giving bonus shares has been permitted within the board assembly of the corporate. Buyers can be given 2 shares as bonus on a share having face worth of Rs 10. Nonetheless, no document date has been introduced by the corporate but. The corporate can pay the bonus shares to the buyers on or earlier than December 21, 2022. That’s, the document can be declared quickly.

IT firm giving 900% dividend can provide shock present to buyers, all eyes on this date

How is the corporate’s shares performing?

In comparison with its earlier closing, the shares of Syn Luggage Restricted closed at Rs 304.80 on Friday with a achieve of 4.85 %. Over the past 5 years the corporate has given wonderful returns to the buyers. Throughout this era, the corporate’s share costs have seen a soar of 571.37 %. On the identical time, if we discuss in regards to the final 3 years, the corporate’s inventory has gained 606 %. The final one yr has additionally been good for buyers. Throughout this era, the corporate’s shares have seen a soar of 100.07 %. To date within the yr 2022, the share value of Syn Luggage Restricted has elevated by 13.77 %. Allow us to inform you, the promoters maintain 58.66 % stake within the firm.

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What does the corporate do?

The corporate produces and exports FIBC, Large Bag and Meals Grade FIBC. The headquarter of the corporate is in Indore. On the identical time, the corporate has its presence available in the market of many international locations like UK, Belgium, Hungary, Senegal, Thailand, Eire, Denmark, USA, Denmark, Australia, USA, Spain.

Quarterly outcomes cheered for the corporate, declared dividend of 250%; document date mounted