1:7 Bonus Share: Big B Portfolio Stock To Go Ex-Bonus On Nov 8, Up 11% In 2-Weeks

Amitabh Bachchan's portfolio stock D.P. Wires Ltd shares are set to go ex-bonus on November 8, 2023. D.P. Wires shares gained 10.86% in last 2-weeks. This is the first time D.P. Wires announced bonus share for its shareholders. Last trading price of the small cap metals & ferrous sector stock is Rs 663.60 per share with marginal intraday fall of 0.12%. D.P. Wires shares soared 880% in last 3-years and jumped 60% in last 1-year. Check details below:

D.P. Wires To Go Ex-Bonus On November 8: As per the regulatory filing of the company dated issued on October 27, 2023, "This is with reference to our letter dated Friday, September 29, 2023 in respect of recommendation made by the Board of Directors of the Company for issue of bonus shares to the shareholders in the ratio of 1 (one) bonus equity share against 7 (seven) existing equity shares held, subject to the approval of the shareholders of the Company. Further, the shareholders of the Company have approved aforesaid issue of bonus shares by passing an Ordinary Resolution in the extra-ordinary general meeting held on Thursday, 26 October, 2023. Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Wednesday, November 8, 2023 as Record Date for the purpose ascertaining the eligibility of shareholders entitled for issuance of bonus shares by the Company."

Amitabh Harivansh Rai Bachchan's stake in D.P. Wires: According to data available at Trendlyne and BSE, "As per corporate shareholdings filed for September 30, 2023, Amitabh Harivansh Rai Bachchan publicly holds 1,99,310 stocks with a net worth of over Rs 13.2 Cr. These are shares held by Amitabh Harivansh Rai Bachchan as per the shareholding data filed with the exchanges. Amitabh Harivansh Rai Bachchan has 1.47% stake in the company for the quarter ended September 30, 2023.

D.P. Wires Stock Oulook & Return: Current market price of D.P. Wires stock on BSE is Rs 663.50 per share. Its 52-week high price is Rs 722.00 per share and 52-week low price is Rs 582.20 per share, respectively. The company has a market capitalisation of Rs 900.24 crore. D.P. Wires shares offered attractive returns to its shareholders over the years with 5 years return at 783%. In last 3-years, D.P. Wires shares soared 880%, gained 59% in last 1-year, and jumped 16% in last 3-months.

DP Wires Financials: The company for the quarter ended June 30, 2023 announced its net sales at Rs 265.74 crore, up 32.59% as against Rs 200.42 crore in June 2022. It declared its quarterly net profit at Rs 11.11 crore in June 2023, up 45.97% as against Rs 7.61 crore in June 2022. The company's EBITDA stood at Rs 17.14 crore in June 2023, up 49.56% as against 11.46 crore in June 2022.

DP Wires About: D.P. Wires is a leading Steel Wire Manufacturer in India. Its products include HT Stands (LRPC Wire), Spring Steel Wire, Induction Tempered Wire, Geomembrane Sheets. Established in the year 1996, DP wires aim to provide quality products to its customers at cost-effective rates, according to its LinkedIn page.

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