1:1 Bonus Issue: Penny Stock Sets Record Date For Bonus Share, Jumps 10% Intraday

Navoday Enterprises Ltd has announced record date for bonus share in the ratio of 1:1. The record date is November 29, 2022. Navoday Enterprises Limited offers business services. provides marketing support & advertising, management & financial consultancy, and component supply & support services. The company has a market capitalisation of Rs 3.86 crore.

1. Navoday Enterprises Declares Record Date For Bonus Issue

The board of directors of the company said in the BSE filing, "With reference to the Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements), Regulation, 2015 we would like to inform you that the company has fixed Tuesday, 29"" November, 2022 as the "Record Date" for ascertaining the eligibility of shareholders entitled for the purpose of: - 1. For issue of Bonus Equity Shares of the Company in the ratio (1:1) (One bonus equity Shares of Rs. 10/- each fully paid up- for every One existing equity shares of Rs. 10/- each Fully paid up."

The record date is fixed as November 29, 2022 for issuance of bonus equity shares of the company in the ratio of 1:1.

2. Navoday Enterprises Stock Outlook

The current market price of the stock is Rs 10 apiece with an intraday gain of 10%. The stock hit upper circuit today. The 52-week high of the stock is Rs 14 apiece and 52-week low is Rs 6 apiece.

3. Navoday Enterprises Return

The stock has given a return of 54% in last 3-months and declined less than 1% in last 1-year. It is a zero-debt burden company with no debt in the last 5 years.

Disclaimer

The stock provides details of record date for bonus issue. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.