Pulsar International, a trading and distributing company in the fertilizing segment, is going to be in focus ahead. That is because Pulsar has fixed a record date for its upcoming bonus issue in the ratio of 1:10. The latest rewards come after the company delivered a stock split of 10:1 ratio earlier in 2024. Overall, YTD, the stock has rallied by 92% so far, while its long-term gains are behemoth by 14,082%.
Pulsar International Share Price:
The stock is at Rs 15.45 apiece, down by 2.40% on BSE with a market cap of Rs 100.27 crore. The stock did touch an intraday high of Rs 16.05 apiece, which was close to its 52-week high of Rs 16.12 apiece and 52-week low of Rs 6.08 apiece.
YTD, the stock rallied by 91.65% on BSE, while in a year, the stock advanced by 113%. In 5 years, the stock has skyrocketed by a whopping 14,081.82%.
Data from BSE showed that the price-to-equity ratio of Pulsar is at 32.54x, while the return on equity is at 30.60%.
Pulsar International Bonus Issue:
In its regulatory filing, on September 18, Pulsar announced that the company has fixed Saturday, September 28, 2024, as the 'Record Date' to ascertain the eligibility of Shareholders entitled to issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) new fully paid up Equity Share having face value of Rs.1/- each for every 10 (Ten) existing fully paid up Equity Share having face value of Rs.1/- each.
Accordingly, the bonus issue ratio is 1:10, meaning 1 new equity share on 10 existing shares.
Bonus shares are one of the many corporate actions that listed companies announce on several occasions. Bonus shares are like incentives which are free of cost given to investors. Under this corporate action, new shares are, issued at the existing Face Value of equity shares of the company. Hence, the face value remains the same post-bonus issue.
Pulsar International Stock Split:
The bonus issue comes after the stock split of the 10:1 ratio. The company turned ex-split on April 19, 2024, where its face value of Rs 10 each split to Rs 1 each. 1 equity share is also split into ten equity shares.
Generally, share splits mean that listed companies can split their existing shares into a ratio decided by them for a host of reasons. These could be done to improve liquidity, lessen the value of the stock, make it cheaper or simply attract new buying from both existing and new investors.
About Pulsar International:
Pulsar International has decades of experience in the fertilizer industry. The company offers a range of high-quality fertilizers that are tailored to meet the specific needs of different plants and growing conditions. Its fertilizers are made from the best ingredients, carefully selected to provide the nutrients and minerals that plants need to thrive.
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