Small cap company engaged in financial services sector, Enbee Trade & Finance Ltd. shares today jumped 4.94% on Bombay Stock Exchange (BSE). Current market price of Enbee Trade & Finance shares on BSE is Rs 12.97 per share. The stock hit upper circuit in trade today. The company on January 20 informed BSE its plans to consider bonus share, stock split, and dividend on January 27, 2025.
Enbee Trade shares offered shareholders returns of over 9% in last 2-weeks and slipped 19.43% in last 6-months. The company has a market capitalisation of Rs 63.55 crore. Its return on equity (ROE) stood at 6.83%. Check key details below:
Enbee Trade To Consider Bonus Share, Stock Split, And Dividend
As per the exchange filing of Enbee trade dated January 20, 2025, “we wish to inform you that a meeting of the Board of Directors of Enbee Trade and Finance Ltd. is scheduled to be held on Monday, January 27, 2025, to deliberate and consider approval of the following key corporate actions:
- To consider Proposal for sub-divide (split) the company’s existing equity shares of Rs.10 each.
- To consider Proposal for Bonus Issue of Shares. This initiative reflects the company’s commitment to reward its shareholders and aligns with its strong financial position. The issuance of bonus shares, if approved, will be subject to requisite approvals, including that of the shareholders.
- To consider Proposal for Dividend Declaration: This step is aimed at reinforcing our focus on providing consistent and sustainable returns to our shareholders, reflecting the company’s robust financial health and commitment to shareholder value creation.”
Enbee Trade & Finance Dividend History
According to reports available on Trendlyne, the company did not recommend any dividend since January 1, 2000
What Is Upper Circuit?
An upper circuit indicates the highest price that a stock can trade on a particular trading day. Upper circuit limit may vary from 2% to 20%. The limit is fixed by the stock exchange to stop a stock’s price from soaring excessively. When a particular stock trades upper circuit, the trading in that stock is stopped temporarily. It generally takes place when there is excessive demand for the stock with presence of more buyers.
Enbee Trade Shares Performance & Return
The 52-week high price of Enbee Trade shares on BSE is Rs 23.30 per share (as on 23/01/2024) and 52-week low price is Rs 9.29 per share (as on 25/10/2024), respectively. Enbee Trade shares recorded surge of 22.71% in last 3-months, slipped 45.44% in last 1-year, and fell again by 62% in last 3-years.
Enbee Trade Financials
The company announced its net profit zoomed by 120% to Rs 1.54 crore for quarter ended September 2024 as compared to Rs 0.70 crore reported in the corresponding quarter ended September 2023. Its sales witnessed surge of 101.32% to Rs 4.59 crore for the September 2024 quarter as compared to Rs 2.28 crore declared in the similar quarter ended September 2023.
About
The Company has been in the business for the last 30 years. It follows conservative investment pattern and has committed client base for its services. It was registered as NBFC Category with Reserve Bank. It is engaged in providing loan activities, including granting of unsecured loans to body corporates and individuals, according to its official website.
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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