1:1 Bonus Shares: Record Date On 19th Day of December; BUY/SELL The Stock?

Rajeshwari Cans is a company that produces printed circular tobacco packaging containers. It produces spherical, printed tin containers in a range of sizes for use in packaging snuff and tobacco. Following the company's announcement of record date 1:1 bonus shares, Rajeshwari Cans Ltd.'s shares wrapped up Friday's trading session on the BSE at a 5% lower circuit limit at Rs 552.65 per share, with a market capitalisation of Rs 289.92 Cr.

Rajeshwari Cans Bonus Shares Shares Record Date

"Pursuant to the Regulation 42 of SEBI (LODR) Regulations, 2015 the Company has fixed Thursday, 19th Day of December 2024, as the Record Date for issue of 1:1 i.e. 1 (One) Bonus Equity Shares of the face value of Re. 10/- each fully paid up for every 1 (One) existing Equity Shares of Face Value of Re. 10/- each fully paid up," said the company in a stock exchange filing.

Rajeshwari Cans Bonus Shares Announcement

"The Board of Directors at its meeting held on October 30, 2024, have recommended issue of bonus equity shares of Rs 10/- (Rupees Ten only) each credited as fully paid-up to eligible members of the Company in the proportion of 1:1 i.e., 1 (one) new fully paid up equity share of Rs 10/- (Rupees Ten only) each for every 1 (one) existing fully paid-up equity share of Rs 10/- (Rupees Ten only) each by capitalising a sum not exceeding Rs 5,24,60,000 (Rupees Five crore twenty four lacs sixty thousand only) out of retained earnings and securities premium of the Company," said Rajeshwari Cans in a stock exchange filing.

Rajeshwari Cans Share Price Target

"Rajeshwari Cans stock price is slightly bullish on the Daily charts with strong support at 491. A Daily close above resistance of 603 could lead to a target of 678 in the near term," said A R Ramachandran, Independent Research Analyst.

Disclaimer

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