Small Cap Building Materials Stock To Declare Bonus Share Soon, Rallies 39% In 1-Yr

Small cap stock operating in Building Materials sector, Sirca Paints India Ltd is set to announce bonus share soon. The stock gave return of 39% in last 1-year. The company has a market capitalisation of Rs 1762.24 crore. Check details below pertaining to bonus issue and stock performance:

Sirca Paints India Ltd To Announce Bonus Share: According to the BSE filing of the company, "Meeting of the Board of Directors of the Company will be held on Wednesday, 29th March, 2023, inter alia, to consider the following: 1. To consider increase in the Authorized Share capital of the company and consequent alteration of Clause V of the Memorandum of Association of the Company, Subject to the approval of the members; 2. Proposal for issue of Bonus Shares, subject to the approval by the members and any other requisite approvals; 3. Any other business with the permission of the chairman."

Sirca Paints India Ltd Stock Performance & Return: The last trading price of Sirca Paints India Ltd is Rs 643.05 apiece with intraday decline of 1.58% on BSE. Its 52-week high price is Rs 800.00 apiece and 52-week low price is Rs 598.85 apiece, respectively. It gave 272% return in last 3-years and 7% return in last 6-months.

Sirca Paints India Financial Performance: The company for the quarter ended December 31, 2022 declared its consolidated total income at Rs 66.18 crore, down 11.10% from last quarter total income of Rs 74.45 crore. It announced its net profit after tax at Rs 10.53 crore in latest quarter.

Sirca Paints India About: Sirca as a leading market player in the field of Paints & Coatings. It started import of Polyurethane Polish (PU) products from Italy and wall paints & Abrasives from Korea and selling them in India as a first step of Journey. It is the first company to launch wood filler in India and opened its wholly owned branches in Mumbai and Chennai, according to its official website. It was incorporated in 2006.

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