This Financial Stock Set To Pay 1:2 Bonus In March, Stock Rallied 290% In 3 Months, Details Inside

Ascom Leasing & investments Ltd. in its exchange filing on 22 February 2023, to NSE has fixed Monday, 6th March, 2023, as the "Record Date" for issuance of fully paid up Bonus Shares in the ratio of 1:2. Ascom Leasing & Investments Ltd. is small cap financial sector stock having a market capitalisation of Rs 339.67 crore. Check below to know more:

Ascom Leasing & Investments Ltd announced the Record Date for Issue of Bonus Shares

The Board of Directors of Ascom Leasing & Investments Ltd in their exchange filing to NSE on 22 February, said, "This is to informed that pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, we inform that the Company has fixed Monday, 6th March, 2023 as the "record Date" for the purpose of ascertaining the eligibility of Shareholders entitled for issuance of fully paid up Bonus Shares in the ratio of 1:2 (i.e. issue of 1(One ) equity share for every existing 2(Two) equity shares held of Rs 10/- as on the above mentioned record date), each."

On 23 February 2023, the Board of Directors in the exchange filing, said, "We are in receipt of your application regarding in - principle approval for issue and proposed allotment of bonus equity shares in terms of Regulation 28(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. In this regard, the Exchange is pleased to grant in-principle approval only for issue and proposed allotment of 3904726 Equity shares of Rs.10/- each as bonus share in the ratio of 1 new equity share for every 2 existing equity share held in the Company subject to the Company fulfilling the following conditions:"

Stock Performance, Returns, and 52-Week Low/High

The current market price of Ascom's stock on NSE is Rs 434.95 apiece. The stock has given robust returns since its listing i.e. 6 December 2019, according to NSE. The stock in 1 week has given a 7.4% positive return, 27.53% in 1 month, 289.57% in 3 months, 421.21% in 6 months and 873.04% in 1 year, respectively.

According to available data on NSE, the stock's recorded 52 week low is Rs 33.40 apiece and 52 week high is Rs 434.95 apiece, respectively.

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