Investors in the stock market have various chances to earn money, including share splits and bonuses.
Milkfood Limited, a microcap stock, is currently providing such an opportunity to its investors. This can be a good chance to make a profit.
Share Split and Bonus Details
In June, Milkfood Limited’s board approved a proposal to split its shares and issue bonus shares. The plan is to split the company’s shares from a face value of Rs 10 each to Rs 5 per share.
Additionally, shareholders will receive one bonus share for every old share they own.
Important Dates and First-Time Offers
The record date for both the stock split and the bonus issue is set for 13 August.
To benefit from this, you need to be listed as a shareholder before that date.
If you’re interested in taking advantage of this offer, today is your last chance to buy shares.
This is the first time Milkfood Limited is issuing bonus shares and conducting a stock split.
Current Stock Performance
Recently, the price of Milkfood Limited’s stock has increased. As of Monday, the stock is trading at Rs 777, slightly down by 0.084 percent today.
However, in the past five days, it has risen by 5 percent.
Over the last month, it increased by 15 percent, and in the last six months, it has gained about 40 percent.
The company’s current market capitalization is approximately Rs 475 crore.
