Bonus Issue: Penny Stock To Mull Bonus Share On July 01, Shares Gain 125% In 6-Months

Small cap stock operating in trading & distrubutors industry, Sakuma Exports Ltd informed today about its upcoming meeting of Board of Directors scheduled to be held as on July 1, 2024 to consider bonus share. Current market price of Sakuma Exports share on BSE is Rs 36.32 per share. Sakuma Exports shares offered rich returns of 21% in last 1-week only and 152% in last 1-year. Earlier this year on May 30, Sakuma Exports recommended a final dividend of 5%. Check key details below:

Sakuma Exports To Consider Bonus Share Soon: As per the exchange filing of Sakuma Exports dated June 19, 2024, "Board of Directors of the Company is scheduled to be held on Monday, 01st July, 2024 at 12:00 Noon at the Registered Office of the Company, inter-alia to consider and approve the following:

1. The proposal for issue of bonus shares to the equity shareholders of the company to further reward their trust and investment in the company.
2. To consider any other business with the permission of the Chair."

Sakuma Exports Recommended Dividend: The BSE filing issued as on May 30, 2024 stated, "Board of Directors at their meeting have recommended final dividend of 5% (Re 0.05/- per equity share) for the financial year ended 31st March, 2024 subject to approval of the shareholders at the 19th Annual General Meeting."

Sakuma Exports Share Performance: The 52-week high price of Sakuma Exports shares on BSE is Rs 38.42 per share and 52-week low price is Rs 13.15 per share, respectively. The company has a market capitalisation of Rs 1138.79 crore. Sakuma Exports shares zoomed 93.29% year-to-date, surged 151% in last 2-years, and gained 91% in last 5-years.

Sakuma Exports About: Over the years, Sakuma Exports Ltd. has created a niche for itself by fulfilling commodity requirements in India, the Middle East, South and South East Asia, Far East, Australia, Europe, and Africa. Today, SEL is known as a leading buyer, processor, marketer, exporter and importer of bulk agricultural commodities namely sugar, edible oils, oil seeds, pulses, cotton and a number of specialty crops. SEL also offers innovative financial structured products which linked to physical commodities, according to its official website.

Disclaimer: The stock highlights the bonus share, dividend 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.