Bonus Share Likely On Feb 2: Agro Processing Stock Rallies 10.01% On Bonus Update

Small cap company operating in Agro Processing sector, Gujarat Ambuja Exports Ltd shares zoomed 10.01% intraday today on BSE after the company informed about its upcoming meeting of Board Of Directors to consider bonus share and financial results.

The last trading price of Gujarat Ambuja Exports shares on BSE is Rs 368.25 apiece. Gujarat Ambuja Exports shares zoomed 55% in last 1-year and soared 94% in last 2-years. Check details below:

Gujarat Ambuja Exports To Consider Bonus Share On February 2, 2024: As per the BSE filing of the company dated January 25, 2024, "we would like to inform you that the meeting of the Board of Directors of the Company is scheduled to be held on Friday, 02nd February, 2024 inter alia to consider and approve Unaudited Financial Results (Standalone and Consolidated) of the Company for the third quarter and nine months ended 31st December, 2023.

We further would like to inform that, the Board of Directors of the Company may consider the proposal for issue of Bonus Shares by way of capitalization of reserves, subject to approval of the Members of the Company."

Gujarat Ambuja Exports Stock Performance & Return: The 52-week high price of Gujarat Ambuja Exports shares on BSE is Rs 410.05 apiece and 52-week low price is Rs 224.20 apiece, respectively. The company has a market capitalisation of Rs 8,445.27 crore. Gujarat Ambuja Exports shares soared 42% in last 6-months, gained 55% in last 1-year, and offered surge of 94% in last 2-years, and rallied 165% in last 3-years. In last 5-years, Gujarat Ambuja Exports shares 254% and 2689% in last 10-years.

Gujarat Ambuja Exports Financials: The company for the quarter ended September 30, 2023 declared its net sales at Rs 1115.72 crore, up 3.52% as compared to Rs 1077.77 crore announced in the corresponding quarter of September 2022. The company declared its quarterly net profit at Rs 82.99 crore for the September 2023 quarter, up 29.47% from Rs 64.10 crore announced in the similar quarter of last year. The EBITDA of Gujarat Ambuja stood at Rs 145.68 crore in September 2023, up 32.59% from Rs 109.87 crore in September 2022. Its EPS soared to Rs 3.62 in September 2023 from Rs 2.80 in September 2022.

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