Non-banking financial company Gamco Ltd shares surged 5.19% after the Board of Directors of the company gave approval to bonus shares in the proportion of 5:4, implying shareholders will receive 5 bonus shares for every 4 shares held as on the record date. Last trading price of Gamco shares on BSE stood at Rs 80.05 apiece. The scrip declined 28.27% in last 1-month and rallied 409.22% in last 2-years. The company has a market cap of Rs 192.23 crore. Check details below:
Gamco Approves Bonus Shares
As per the regulatory filing of the company dated Feb 20, 2025, “the issue of Bonus Shares in the ratio of 05:04 i.e. 05(Five) fully paid-up equity share for every 04(Four) existing equity share having face value of Rs. 2/- (Rupees Two only) each, to the eligible equity shareholders of the Company as on the record date, subject to the approval of the shareholders of the Company. The Record Date for bonus issue will be intimated in due course.”
Gamco Approves Increase In Authorised Share Capital
The exchange filing added, “increase in authorized share capital of the company from Rs. 5,65,30,000 (Rupees Five Crore Sixty-Five Lakhs and Thirty Thousand Only) divided into 2,82,65,000 (Two Crore Eighty-Two Lakhs and Sixty-Five Thousand Only) Equity Shares of Rs. 2/- (Rupees Two Only) each to Rs. 15,00,00,000 (Rupees Fifteen Crore Only) divided into 7,50,00,000 (Seven Crore Fifty Lakhs Only) Equity Shares of Rs. 2/- (Rupees Two Only) each ranking pari – passu in all respect with the existing Equity Shares of the Company and consequent amendment in Capital Clause of the Memorandum of Association of the Company, subject to the approval of the shareholders of the Company.
Gamco Shares Performance
The 52-week high price of Gamco shares on BSE is Rs 148.00 per share (as on 23/12/2024) and 52-week low price is Rs 41.70 per share (as on 20/03/2024), respectively. The return on equity of Gamco stood at 35.56%. Gamco shares rallied 11.49% in last 6-months, soared 54.54% in last 1-year, and offered return of 1158.65% in last 3-years.
Gamco Dividend History
The company in 2024 recommended an interim dividend of Re 1/share with ex-dividend date fixed as April 5, 2024.
Gamco Stock Split History
The company split the face value of its shares in 2024 in the proportion of 1:5. It fixed the ex-split date as June 14, 2024.
Gamco Q3 Results
The company declared its total revenue from operations for the quarter ended December 2024 as Rs 1.60 crore as against Rs 65.03 crore declared in the corresponding quarter of last year. The total income of the company for the quarter ended December 31, 2024 announced at Rs 1.90 crore as compared to Rs 65.21 crore announced in the similar quarter of last year. The total expenses for the quarter under review stood at Rs 8.89 crore from Rs 50.06 crore in the year ago period. The company announced the profit at Rs -5.68 crore for the December 2024 quarter from Rs 11.74 crore in December 2023.
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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