4:1 Bonus Issue: Small Cap Stock Hits New 52-Week High Yet Again, Rallies Over 7%

Small cap stock operating in holding sector, Kama Holdings Limited hit new 52-week high yet again. Earlier, the company on September 1, 2023 announced bonus share in the ratio of 4:1. Kama Holdings shares hit fresh 52-week high on September 1 and August 30. Recently, Kama Holdings shares traded ex-dividend for Rs 82/share on August 31. Kama Holdings shares soared 18% in last 1-week and rose 32% in last 2-weeks. Check details below:

Kama Holdings Declared Bonus Issue On Sept 1, 2023: As per the exchange filing of Kama dated September 1, 2023, "In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors at their meeting held today (started at 11:00 a.m. and concluded at 01:45 p.m.) inter-alia considered and approved Increase in the Authorised Share Capital and Bonus Issue of Equity Shares in the proportion of 4 (Four) Equity Share of Rs. 10/- each for every 1 (One) Equity Shares of Rs. 10/- each held by the shareholders of the Company as on the record date, subject to the approval of shareholders through Postal Ballot in compliance with the applicable laws."

Kama Holdings Traded Ex-Dividend: Kama Holdings announced an attractive dividend of Rs 82 per share earlier this year and it traded ex-dividend on August 31, 2023. As per the regulatory filing of the company dated August 23, 2023, "We wish to inform you that the Board of Directors at its meeting held today has declared interim dividend @ 820% i.e. Rs. 82 per share on the paid-up equity share capital of the Company. Dividend would be paid to members whose names appear on the Register of Members and the beneficial owners as per details received from National Securities Depository Limited and Central Depository Services (India) Limited, as on the Record Date i.e. Thursday, the 31 st August 2023 which has already been communicated to Exchanges by letter dated 16 th August, 2023."

Kama Holdings Stock Performacne & Return In Last Few Years: Last trading price of Kama Holdings stock is Rs 15,915.10 apiece with intraday gain of over 7%. Its 52-week high price is Rs 16,149.95 per share and 52-week low price is Rs 11,750.10 per share, respectively. It has a market capitalisation of Rs 10,214.49 crore. Kama Holdings stock rallied 31% in last 6-months, gained 29% YTD, soared 24% in last 1-year, and jumped 47% in last 2-years. Kama Holdings stock witnessed a surge of 220% in last 3-years and 223% in last 5-years. In last 10-years, Kama Holdings shares rallied 5148%.

Kama Holdings Financials: Kama Holdings for the quarter ended June 30, 2023 declared dip of 10.73% in its consolidated total income at Rs 3,363.96 crore as compared to its preceding quarter total income of Rs 3,768.35 crore. The company declared its latest quarter net profit after tax at Rs 361.68 crore. It announced a 15% rise in its revenue for the quarter ended June 30, 2023 at Rs 8.07 crore as against Rs 6.97 crore in the corresponding quarter last year.

Kama Holdings About: It is a leading core investment company engaged in the business of holding long-term investments in its subsidiaries. Its key segments are technical textiles business, chemicals business, and packaging film business, among others.

Disclaimer

The stock just 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 ay losses. Please consult a professional advisor.