NDR Auto Components announces 1:1 bonus shares for eligible shareholders
Indian small-cap company, NDR Auto Components, has announced a 1:1 bonus share issue for its eligible equity shareholders. The company revealed that it will issue one bonus share for each equity share held by the shareholders. The record date for determining the eligible shareholders has been set as July 24, 2023.
NDR Auto Components, which manufactures automotive components, reported a net profit of INR 99.6 million for the quarter ended March 2023. This is a 64.22% increase from the same period last year. The company’s net sales for the same period were INR 1.30 billion, a 63.65% increase from the previous year.
The company’s stock has been performing well on the stock market, with its shares touching a 52-week high of INR 897.95 on May 30, 2023. Over the past three years, the stock has seen a 640% increase from INR 121.25 to its current market price. As of March 2023, the company’s promoters held a 73.95% stake, while the public held a 26.06% stake.
The bonus share issue is a way for NDR Auto Components to reward its shareholders and is expected to boost investor sentiment towards the company.
Key highlights:
– NDR Auto Components has announced a 1:1 bonus share issue for its equity shareholders.
– The record date for determining eligible shareholders is July 24, 2023.
– The company reported a net profit of INR 99.6 million for the quarter ended March 2023, a 64.22% increase from the previous year.
– The company’s stock has seen a 640% increase over the past three years, touching a 52-week high of INR 897.95 on May 30, 2023.
– The bonus share issue is expected to boost investor sentiment towards the company.
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