Financial Services Stock Hit Upper Circuit, Jumps 13.71% In 1 Week, Turing 1:2 Ex-Bonus Next Week

Ashirwad Capital Ltd. Hit the upper circuit on Friday. The stock is soon to trade Bonus Shares. The company in a Board Meeting held on dated June 05, 2023, fixes the record date for the 1:2 Bonus Shares recommended on May 05, 2023. The Board has fixed June 1, 2023, as the record date for the Bonus Shares.

Ashirwad Capital Ltd. is a Financial Services sector microcap company engaged in the business of investment. It has a market capitalisation of Rs. 24.88 crore.

1:2 Bonus Shares

According to the Board of Directors regulatory filing on May 05, 2023, by Ashirwad Capital Ltd., "Recommendation for the Bonus Issue of Equity Shares in the proportion of 1 (One) Equity Shares of Rs. 1/- each for every 2 (Two) Equity Shares of Rs. 1/- each held by shareholders of the Company as on the record date, subject to the approval of shareholders of the Company."

Record Date

On June 05, 2023, the Board announced the record date. According to the exchange filing by the company, "In accordance with Regulation 42(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Notice is hereby given that the Company has fixed Monday, June 19, 2023, as the "Record Date" for the purpose of ascertaining the eligibility of shareholders entitled to the issuance of Bonus Equity shares by the Company. The issuance of Bonus Shares shall be subject to the approval of Members at the Annual General Meeting (AGM) scheduled to be held on Friday, June 09, 2023."

Stock Performance and Current Market Price

On Friday, the stock jumped 4.89%, hit the upper circuit, ended at Rs. 6.22 apiece with 7.80 apiece 52 week high and 3.73 apiece 52 week low. The stock gave 13.71% positive return in 1 week. While in the past 1 month it jumped 13.92% and in the past 3 months, it jumped 42.01%. The stock jumped 4.71% in 1 year. In 3 years, it jumped 182.73%, while in 5 years, it jumped 117.48%.

Disclaimer - The above-mentioned information is purely informational and should not be taken as an advisory to invest. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.