Penny Stock Trading 55% Down From 52-Week High To Issue Bonus Share

Ozone World Ltd is a penny stock that offers trading services. It has a market capitalisation of Rs 3.07 crore. It is engaged in the business of wholesale trading of commodities, agricultural goods and in real estate business via investment in partnership firm. It is providing commodities like spices, guar gam, oil seeds, cumin seeds, and real estate services, among others.

The board of the company recently recommended issuance of bonus issue. Check key takeaways below:

1. Board of Ozone World Recommends Bonus Issue

The board of directors of Ozone World stated in its regulatory filing, "Recommend for issue up to 25,89,380 (Twenty Five Lakh Eighty Nine Thousand Three Hundred Eighty Only) equity shares of Rs. 10/- each as bonus shares of an aggregate nominal value up to Rs. 2,58,93,800/- (Rupees Two Crore Fifty Eight Lakh Ninety Three Thousand Eight Hundred Only), as bonus shares to the shareholders out of the Securities Premium Account of the company for distribution among the holders of existing fully paid equity shares of Rs. 10/- each of the company."

2. Ozone World Stock Performance

The last trading price of Ozone World is Rs 8.30 apiece with 52-week high at Rs 18.99 and 52-week low at Rs 6 apiece, respectively.

3. Ozone World Return

The stock has declined 76% in the last 5 years. It has given a return of 15% in last 1 year, 3% in last 3 months, and 6% in last 1 week.

Disclaimer

The above stock specifies details pertaining to bonus issue. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.