Rajoo Engineering, a smallcap industrial products company, trended on the August 8th trading session as the stock turned ex-bonus. Rajoo's bonus issue of 1:1 is the first ever by the company. On the ex-bonus date, the smallcap touched a 5% upper circuit and a new 52-week high at the same time.
Rajoo Engineering Share Price:
Adjusting to the bonus issue, Rajoo's share price ended at Rs 271.80 apiece, which is its 5% upper circuit and also the new 52-week high. At the current level, the stock has given a whopping 963.4% returns from their 52-week low of Rs 25.56 apiece.
Data from BSE showed that Rajoo Engineering's price-to-equity ratio is at 74x, while the return on equity is at 18.92%.
YTD, the stock zoomed by 161% alone. In 5 years, the stock has rallied by a whopping 2,761%.
Rajoo Engineering Bonus Issue:
The company turned ex-bonus on August 8th which is also its record date for determining eligible shareholders for bonus shares of 1:1. Meaning, if you are holding Rajoo shares in your demat account as of August 8, then you are eligible. Investors who will buy the stock after August 8th will not be eligible for bonus issues.
The 1:1 bonus issue means that the company will distribute 1 (One) Equity Share of the face value of Re. 1/- each for every 1 (One) existing Equity Share of the face value of Re. 1/- each held by the Shareholders of the Company.
Let's say, if you are holding 500 shares of Rajoo by the end of August 8th, then you will receive another 500 bonus shares, taking your number of shareholding to 1,000 shares.
Rajoo Engineers Achievements:
Earlier this month, Rajoo Engineers announced that its efforts were recognized in the manufacturing industry with double honours at the prestigious Machinist Super Shopfloor Awards 2024, affirming its unwavering commitment to EXCELLENCE and INNOVATION. This year, the spotlight focused on Khushboo Chandrakant Doshi, Managing Director of Rajoo Engineers Ltd., who was awarded the coveted title of 'Best Woman in Manufacturing.' This accolade is a testament to her visionary leadership and relentless pursuit of excellence, driving Rajoo Engineers Ltd. to new heights of success.
Rajoo Engineers Limited, founded in 1986 and headquartered in Rajkot, has evolved into a prominent global player in blown films, and sheet extrusion lines. Through a dedicated focus on blown film, sheet extrusion lines, thermoformers and Extrusion Coating and Laminating Lines, the company has attained a prestigious market position. Driven by technology, Rajoo is renowned for its product innovations, world-class quality, state-of-the-art workmanship, enhanced energy efficiency, and sophisticated automation, distinguishing its offerings on a global scale.
With a presence in numerous countries and a customer base spanning over 78 nations, the company's exports have surged since its international debut in 1990.
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