This Multibagger Textile Stock's Ex-Bonus Date Today, 1:1 Bonus Ratio, Buy?

Textile company Ruby Mills had already announced a bonus of 1:1 ratio earlier; its ex-bonus date is today, September 23. The record date has been fixed to be on September 26, 2022. In a statement, the company said, "In super-session of earlier intimation dated August 12, 2022 regarding record date for Bonus Issue, the Company hereby informs that the revised record date for Issue of Bonus equity shares in the ratio of 1:1 i.e. 1 (One) Bonus Share of Rs. 5 each for every 1 (One) fully paid equity shares is September 26, 2022." Bonus shares are defined as the additional shares offered to the shareholders without any extra cost.

Ruby Mills - stock performance

The current market price of the company closed at Rs. 643, gaining by 0.68%, on September 22 on NSE. In the last 1 month its share price gained by 8.70%, and in the last 6 months its share price gained by 101.35%. Additionally, in the last 1 year its share price gained by 121.53%, making it a multibagger stock.

The 52-week high level of this stock is Rs. 738, and the 52-week low level of this stock is Rs. 217.95. This small-cap company has a market capitalization of Rs. 1,072 crore.

Financial results

According to data available with NSE, in Q1 FY23, this company's Total Income stood at Rs. 6,263.21 lakh, as against Rs. 6,868.58 lakh in the previous quarter. The company's Profit before tax (PBT) was reported at Rs. 1,283.47 lakh, as against Rs. 2,249.61 lakh in Q4 FY22. Additionally, its Net Profit stood at Rs. 972.93 lakh, as against Rs. 1,979.84 lakh, in the earlier quarter.

Disclaimer

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