Dividend, Bonus Issue Likely On May 6: FII-Backed Small Cap Gains 26.33% In 1-Week

Small cap company operating in packaging industry, Clara Industries Ltd shares surged 26.33% in last 1-week. Board of Directors of Clara Industries will hold meeting on May 6 to consider bonus share and dividend, if any. FII has 2.81% stake in Clara Industries and promoters holdings remain at 51.1%. Meru Investment Fund Pcc-Cell 1 has 2.39% stake in the company with 98,770 shares.

Last trading price of Clara Industries share on BSE is Rs 230.55 per share with intraday fall of 0.19%. Clara Industries shares gained 144% in last 2-years. More details below:

Clara Industries To Consider Dividend, Results, Bonus On May 6: As per the regulatory filing of the company dated April 30, 2024, "a meeting of the board of directors of the Company will be held on Monday, May 06, 2024 at 3.00 P.M to consider and approve the following including any other incidental matters thereto:

1. To consider and approve Audited Financial Results of the Company for half year and year ended on 31st March, 2024.

2. To Consider payment of Interim dividend on the equity shares of the Company declared

3. To consider a proposal for issue of Bonus shares to the equity shareholder s of the Company in the ratio, as it may deem fit by way of capitalization of reserves, subject to approval of Shareholders."

Clara Industries Share Performance & Return: The 52-week high price of Clara Industries share on BSE is Rs 253.00 per share (as on 15/05/2023) and 52-week low price is Rs 141.55 per share (as on 19/03/2024), respectively. The company's market capitalisation is Rs 95.32 crore. Clara Industries share offered return of 24% in last 2-weeks, surged 14% in last 3-months, and gained 28% in last 6-months.

About: Clara Industries Limited operated in Industrial Packaging. It has, over the years, built a reputation for itself through its business practices, and consequently it has re-defined the contours of Industrial Packaging Industry across the globe. It delivers Industrial Packaging of all sorts which enhances the brand recognition of its customer, preserve their products, and enhances their shelf life, according to its official website.

Disclaimer: The stock highlights the dividend, bonus issue 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.