Kamdhenu Ventures Limited, a small-cap company, has announced that it has fixed August 1, 2023, as the record date for a 1:1 bonus share issue. This announcement has resulted in the stock hitting a new 52-week high. The company’s stock has delivered a 43% return over the past three years.
According to a regulatory filing, Kamdhenu Ventures Limited has set August 1, 2023, as the record date to determine the eligibility of shareholders for the issuance and allotment of bonus equity shares. This will be done at a ratio of one fully paid up equity share of Rs. 5/- each for every one fully paid equity share of Rs. 5/- each held. The announcement is subject to approval from the company’s shareholders at an Extra-Ordinary General Meeting scheduled to be held on July 24, 2023.
Kamdhenu Ventures Limited manufactures and sells decorative paint products such as exterior and interior emulsions, acrylic distempers, primers, enamel, wood finishes, and textured and designer finishes.
The stock price of Kamdhenu Ventures currently stands at Rs. 267.55 per share, with a 5.19% intraday fall. Its 52-week high is Rs. 288.80 per share, while its 52-week low is Rs. 125.60 per share. The company has a market capitalization of Rs. 841.06 crore. Over the past week, the stock has provided a 9% return, while over the past month it has offered a 24% return. In the last three months, the stock has delivered a notable 43% return.
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