1:1 Bonus Issue: Multibagger Debt-Free Electric Stock Hits 52-Week High On Ex-Bonus Day

Small cap stock operating in electric sector, Shilchar Technologies traded new 52-week high as it is trading ex-bonus today (September 6, 2023) for 1:1 bonus issue. Shilchar Technologies shares gained over 5% in morning trade at the time of writing the story. Shilchar Technologies stock offered its shareholders return of 476% in last 1-year and 236% return YTD. Check details below:

Shilchar Technologies Trades Ex-Bonus For 1:1 Bonus Issue: The company earlier on August 26, 2023 fixed September 6, 2023 as the record date for 1:1 bonus issue. As per the exchange filing issued on August 26, "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we would like to inform you that Wednesday, 6th September, 2023 is fixed as the Record Date, for the purpose of ascertaining the eligibility of shareholders for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) new fully paid up equity shares of Rs. 10/- each for every 1 (one) fully paid up existing equity share of Rs. 10/- each held, subject to the In Principal approval of the BSE Limited."

Shilchar Technologies Shares Outlook In Last Few Days & Return Over The Years: Current market price of Shilchar Technologies stock is Rs 1666.00 per share with intraday surge of 5.33% on BSE. Its 52-week high price is Rs 1791.00 per share and 52-week low price is Rs 281.00 per share, respectively. It has a market capitalisation is Rs 1270.62 crore. Shilchar Technologies shares rallied 125% in last 6-months, gained 482% in last 1-year, soared 1465% in last 2-years, and witnessed a rally of 1892% in last 3-years. Shilchar Technologies stock offered a massive return of 8404% in last 10-years.

Shilchar Technologies Financials: The electric sector debt-free company for the quarter ended June 30, 2023 announced a dip of 27.62% in its standalone total income to Rs 69.79 crore as compared to the last quarter total income of Rs 96.42 crore. It declared its recent quarter net profit after tax at Rs 16.38 crore.

Shilchar Technologies About: Shilchar Technologies Ltd. is one of India's prominent manufacturers of Electronics & Telecom and Power & Distribution transformers. It was founded in 1990 to manufacture R-core transformers. In 1995, after an overwhelming response from the market, we ventured into the manufacturing of Ferrite transformers. As part of its expansion plans, it started manufacturing Distribution and Power Transformers in a phased manner from 2004 to 2007. It caters to a wide section of industrial segments from utility to renewable energy sector and to individual retail customers across the globe. With the commissioning of a state of the art manufacturing facility in April 2020, it can manufacture transformers up to 50 MVA, 132 KV Class. Up to 4000 MVA of transformers can be manufactured annually, according to its official website.

Disclaimer

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