After 988% Rally In 3-Yrs, Small Cap Stock Set To Consider Bonus Issue On Sept 29

Small cap stock operating in metal sector, DP Wires Ltd is all set to consider bonus share on September 29, 2023. The company will also consider and approve increase in authorized share capital. Current market price of DP Wires share is Rs 700.00 apiece on BSE with intraday rally of 8.28% or 53.55 points. DP Wires share also hit new 52-week high in trade today. DP Wires shares offered 42% return in last 1-year and 988% return in last 3-years. Check details below:

DP Wires To Mull Bonus Share Day After Tomorrow: According to the BSE filing of the company dated September 26, 2023, "Pursuant to Regulation 29(1) (d) of SEBI Listing Regulations, this is to inform you that a meeting of the Board of Directors of our Company is scheduled to be held on Friday, 29th September, 2023 at the registered office of the company, 16-18A, industrial estate, Ratlam (MP)-457001. Inter alia to transact the following business: - 1. To consider & approve increase in authorized share capital. 2. To consider a proposal for issue of Bonus shares to the equity shareholders of the Company in the ratio, as it may deem fit by way of capitalization of reserves, subject to approval of shareholders."

DP Wires Stock Outlook & Return Over Years: The current market price of DP Wires share is Rs 700.00 apiece. The stock's 52-week high price is Rs 722.00 apiece and 52-week low price 590.00 apiece, respectively. The company has a market capitalisation of Rs 951.39 crore. DP Wires shares offered return of 43% in last 3-months, gained 42.77% in last 1-year, and rose 988% in last 3-years.

DP Wires Financials: The company for the quarter ended June 30, 2023 announced its net sales at Rs 265.74 crore, up 32.59% as against Rs 200.42 crore in June 2022. It declared its quarterly net profit at Rs 11.11 crore in June 2023, up 45.97% as against Rs 7.61 crore in June 2022. The company's EBITDA stood at Rs 17.14 crore in June 2023, up 49.56% as against 11.46 crore in June 2022.

DP Wires About: D.P. Wires is a leading Steel Wire Manufacturer in India. Its products include HT Stands (LRPC Wire), Spring Steel Wire, Induction Tempered Wire, Geomembrane Sheets. Established in the year 1996, DP wires aim to provide quality products to its customers at cost-effective rates, according to its LinkedIn page.

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