6:1 Bonus Shares Declared: Small Cap Stock Gains 181% In 3-Months

Small cap company Kesar India shares hit 5% upper circuit in trade today as Board of Directors announced 6:1 bonus shares and declared financial results as well. Last trading price of Kesar India stock on BSE is Rs 2407.15 apiece with intraday gain of 5.00%. The company announced its revenue from operations for the December 2023 quarter at 18.50 crore.

Total expenses declared at 11.59 crore. Profit after tax announced at Rs 5.25 crore for the December 2023 quarter. Kesar India shares gained 181% in last 3-months. Check details below:

Kesar India Declares 6:1 Bonus Shares: As per the BSE filing of the company dated today, "Recommended issue of bonus equity shares in the proportion of 6:1, that is 6 (Six) bonus equity shares of Rs. 10/- each for every 1 (One) fully paid-up equity share held, as on the record date, subject to approval of the Members of the Company. The record date for reckoning eligible shareholders entitled to receive bonus shares will be communicated in due course."

Kesar India Increases Authorised Share Capital: The regulatory filing stated, "Increase in the Authorised Share Capital of the Company from Rs. 10,00,00,000/- (Rupees Ten Crore) divided into 1,00,00,000 (One Crore) Equity Shares of Rs. 10/- (Rupees Ten) to Rs. 40,00,00,000 (Rupees Forty Crore) divided into 4,00,00,000 (Four Crore) Equity Shares of Rs. 10/- (Rupees Ten) each and alteration of Clause V of the Memorandum of Association, subject to approval of the Members of the Company."

Kesar India Shares Performance & Return: The 52-week high price of Kesar India shares on BSE is Rs 2407.15 apiece and 52-week low price is Rs 100.40 apiece, respectively. Kesar India shares surged 135% year-to-date, rallied 181% in last 3-months, and gained 1607% in last 1-year. Kesar India shares hit upper circuit and 52-week high today and have been hitting back to back 52-week high and upper circuits for last few days.

Kesar India About: It is engaged in developing projects on land or selling plotted lands. It is chiefly engaged on development of plot, residential and commercial projects, among others. Its projects include kesar 45, kesar 29, kesar vihar, kesar signature and kesar gateway, etc.

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