1:1 Bonus Equity Shares: Agro Stock Issues Update On Record Date; Jumps 8% In 2-Weeks

Agro Processing sector company, Gujarat Ambuja Exports shares witnessed marginal gain of 0.46% intraday today on BSE to settle at Rs 393.40 apiece. Today, Gujarat Ambuja revised and approved March 16, 2024 as the record date for 1:1 bonus share.

Gujarat Ambuja shares gained 8% in last 2-weeks and soared 47% in last 6-months. Gujarat Ambuja share has a PE of 27.84, ROE of 12.58, and EPS (TTM) of 14.13. The company has a market capitalisation of Rs 9022.05 crore. Check details below:

Gujarat Ambuja Revises Record Date: As per the regulatory filing of Gujarat Ambuja issued post market hours, "this is to inform you that the Company has revised the record date and approved Saturday, 16th March, 2024 as Record date for the purpose of issuance of bonus shares and the book closure earlier decided by the Company is withdrawn. The members whose names appear (a) as beneficial owners in the statement(s) furnished by the Depository(ies) and (b) as members in Register of Members of the Company as on the close of business hours on Record Date would be entitled for issuance of Bonus equity shares of the Company in the proportion of 1:1 i.e. 1 (One) new fully paid-up Bonus equity share of Rs. 1/- (Rupee One only) each for every 1 (One) existing fully paid-up equity share of Rs. 1/- (Rupee one only) each, subject to approval of the Members of the Company that is being obtained through Postal Ballot."

Gujarat Ambuja Shares Performance & Return: The 52-week high price of Gujarat Ambuja shares on BSE is Rs 420.75 apiece and 52-week low price is Rs 224.20 apiece, respectively. Gujarat Ambuja shares gained 71% in last 1-year, soared 102% in last 2-years, and jumped 215% in last 3-years.

Gujarat Ambuja: Gujarat Ambuja Exports Limited (GAEL) is principally involved in agro-processing and has focus on exports and indigenous market, catering to food, pharmaceutical & feed industry, competing in the domestic and global market, according to its official website.

Disclaimer: The stock highlights the bonus shares and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.