Multibagger Metals Stock Under Rs 75 Recommends 2:1 Bonus Shares, Shares Rise 92.62% YTD

Small cap company operating under metals sector, Alliance Integrated Metaliks Ltd today recommended bonus share in the proportion of 2:1 implying shareholders will be eligible to receive 2 bonus shares for every one share held as on the record date. Alliance Integrated Metaliks shares offered attractive return of 4531% in last 3-years. FIIs stake in Alliance Integrated Metaliks stood at 1.9%. More details below:

Alliance Integrated Metaliks Recommends Bonus Share: As per the regulatory filing of the company issued as on June 1, 2024, "The Board of Directors have recommended the issue of Bonus Shares in the proportion of 2:1 i.e. 2 (Two) new fully paid-up bonus equity share of Rs. 1/- (Rupees One only) each for every | (one) existing fully paid-up equity share of Rs. 1/- (Rupees One only) each held by the eligible shareholders as on the Record Date (to be determined by the Board and to be intimated to the Exchanges in due course), subject to the approval of the members of the Company."

Alliance Integrated Metaliks Q4: The company on May 29, 2024 declared a net loss of Rs 18.96 crore for the quarter ended March 31, 2023 as against the net profit of Rs 67.03 crore declared in the corresponding quarter of last year. The company's sales zoomed 84.64% to Rs 24.17 crore for the quarter ended March 2024 as compared to Rs 13.09 crore announced the similar quarter of last year. For the entire year, the company's net profit jumped massively by 447.61% to Rs 64.18 crore for the year ended March 31, 2024 as compared to Rs 11.72 crore declared during the previous year ended March 2023. The sales witnessed rally of 15.23% to Rs 67.56 crore for the year ended March 2024 as compared to Rs 58.63 crore during the previous year ended March 2023.

Alliance Integrated Metaliks Share Performance: The 52-week high price of Alliance Integrated Metaliks share on BSE is Rs 73.99 per share (as on 28/05/2024) and 52-week low price is Rs 19.30 per share (28/07/2023). The company has a market capitalisation of Rs 945.12 crore. Alliance Integrated Metaliks shares offered return of 45% in last 3-months, gave return of 96% in last 6-months, jumped 165% in last 1-year, soared 127% in last 2-years, and surged 4531% in last 3-years. In last 5-years, Alliance Integrated Metaliks stock gave return of 971%.

Disclaimer: The stock highlights the bonus share 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.