Kritika Wires Ltd has some good news for people who invest in companies that give bonus shares.
They’ve just announced that for every share you have, they’ll give you 2 more shares for free! The important date for this is next week.
Before December 20th, which is called the “record date,” Krutika Wires Limited said that if you have one share with a value of Rs 2, they’ll give you 2 more shares for free on December 19, 2023. This is the first time the company is giving out bonus shares.
Back in August 2022, they divided their shares into 5 parts, which means the value of each share dropped from Rs 10 to Rs 2.
Before that, in July 2022, they gave a dividend of Rs 0.50 on one share.
How is the company doing in the stock market? Well, on Friday, one share of Kritika Wires Limited was worth Rs 28.70 when the market closed.
The company is almost at its highest point in the last 52 weeks, which is Rs 29.20.
In the past year, the value of Kritika Wires Limited shares went up by more than 93 percent.
In the last 6 months alone, the stock increased by more than 50 percent.
If you’ve been holding onto these shares for the past month, you’ve made more than 11 percent in returns.
Just so you know, the lowest the company’s shares have been in the last 52 weeks is Rs 6.60 per share.
