Small cap company engaged in NBFC sector, Sangam Finserv Ltd will reward shareholders with 4 bonus shares for every 1 share held in February. Last trading price of Sangam Finserv shares on BSE stood at Rs 286.20 per share. Sangam Finserv shares touched third consecutive upper circuit today on BSE. It also witnessed spurt in volume today by more than 4.39 times. Earlier this month, the company revised the record date for 4:1 bonus share from January 31 to February 7, 2025.
Its market cap stood at Rs 266.81 crore and return on equity (ROE) is 6.19%. Sangam Finserv shares offered impressive returns of 166.23% in last 6-months and soared 301.97% in last 1-year. Check details below:
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.
Sangam Finserv Ltd Revises Record Date For Bonus Shares
As per the exchange filing of Sangam Finserv dated January 27, 2024, “the Record date has been revised as Friday, February 07, 2025, for the purpose of ascertaining the eligibility of Shareholders for issue of bonus shares to the equity shareholders of the company in the proportion of 4 (Four) new fully paid-up equity share of Rs. 10/- (Rupees Ten) each for every 1 (One) existing fully paid-up equity share of Rs. 10/- (Rupees Ten) each held by Members/Beneficial Owners. We hereby inform you that the Company has now fixed Friday, 7th February, 2025, as the “Record Date” to determine the eligibility of shareholders for issuance of the said Bonus Shares.”
Sangam Finserv Shares Performance
The 52-week high price of Sangam Finserv Ltd shares on BSE is Rs 301.35 per share (as on 20/12/2024) and 52-week low price is Rs 71.50 per share (as on 30/01/2024), respectively. Sangam Finserv shares surged 14.94% in last 1-week, soared 430.00% in last 2-years, and surged 645.31% in last 5-years.
About
The company is incorporated mainly to finance Industrial enterprises and to promote, form or acquire any company to pursue the business as empowered by the Memorandum of Association. The company was promoted & managed by 7 promoters in 1981. In the year 2011, the company was taken over by M/s Marigold Investrade pvt. Ltd. through an open offer, with an intention to trigger, new energy and enthusiasm and to redefine the path of progress of the company, 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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