Small cap company Gujarat Toolroom Ltd shares surged 9.80% today on Bombay Stock Exchange (BSE) at the time of writing the story and hit 10% upper circuit as well. Current market price of Gujarat Toolroom shares on BSE stood at Rs 2.24 per share as the stock trades ex-bonus in the ratio of 5:1.
It implies shareholders will be eligible to receive 5 bonus shares for every 1 share held as on the record date. It is worth mentioning that Gujarat Toolroom shares surged 17.89% when BSE Sensex slumped 0.46%. The penny stock climbed 3633.33% in last 5-years when Sensex zoomed 85.71%. Gujarat Toolroom has a market cap of Rs 311.90 crore and offers a return on equity (ROE) of 24.38%. Check more details below:
Gujarat Toolroom Shares Trade Ex-Bonus
As per the BSE filing of Gujarat Toolroom issued on Feb 12, 2025, “the Company has fixed Tuesday, 18th February, 2025 as the “Record Date”, for the purpose of ascertaining the eligibility of shareholders entitled for issue of Bonus Equity Shares of the Company in the ratio of 5 :1, i.e., 5 (Five) Equity Share of Re 1/- each for every 1 (One) Equity ‘Shares of Re. 1/- each, which was recommended by the Board of Directors of the Company vide its meeting held on Monday, 6th January, 2025 and for which approval of the shareholders have already been obtained through postal ballot on Saturday, 08th February,2025.”
Why Share Price Declines On Ex-Bonus Date?
According to bonus number of shares declared in the bonus share, the stock price is adjusted. For instance, if a company declares bonus share in the ratio of 4:1 and the share is priced at Rs 100 per share before bonuses, the price will be Rs 25 for the stock. (100×100)/400= Rs 25 for the stock, according to ICICI Direct.
Gujarat Toolroom Gives Update On Financial Results
The company was supposed to declare its quarterly results on February 14, 2025. The company issued an update on Feb 14, 2025, “we regret to inform you that the delay in the submission of our financial results is primarily due to certain challenges encountered in gathering accurate and timely data from our subsidiaries. The intricacies involved in consolidating and finalizing the financials of the subsidiaries caused a slight delay in the overall reporting process.”
The Company is making its best possible efforts in finalising the pending financial results at the earliest possible. As soon as, the financial results duly approved by Board of Directors are ready, the same will be intimated to the stock exchanges, added the exchange filing.
Gujarat Toolroom Shares Performance
The 52-week high price of Gujarat Toolroom shares on BSE stood at Rs 7.68 apiece (as on 11/03/2024) and 52-week low price is Rs 1.70 per share (as on 30/01/2025), respectively. The stock soared over 7% in last 2-weeks when Sensex declined 3.36%. In last 1-year, the stock declined 65.80% and surged 1078.95% in last 3-years. The stock offered highest returns of 3633.33% in last 5-years when Sensex rallied 85.71%.
Gujarat Toolroom Dividend History
Gujarat Toolroom recommended dividend once since April 19, 2024. In last 1-year, Gujarat Toolroom recommended an equity dividend amounting to Rs 1.00 per share. At the current share price of Rs 2.24, Gujarat Toolroom offers a dividend yield of 44.64%. Adjusting for Bonus/Splits the dividend yield is 7.44%, according to Trendlyne.
Disclaimer: The story highlights bonus share and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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