Nidhi Granites, a small but growing company, has decided to reward its investors with a significant gift.
Bonus Shares Offer: A 1:1 Ratio
In a move to show appreciation to its investors, Nidhi Granites has announced the issuance of bonus shares in a 1:1 ratio.
This means that for every existing share held, investors will receive an additional bonus share. This marks the company’s first distribution of bonus shares.
The record date for eligibility to receive these bonus shares has been set for May 2, 2024.
Impressive Growth Trajectory of Nidhi Granites Shares
Nidhi Granites has witnessed a remarkable surge in the value of its shares over the past year, indicating its promising growth trajectory.
Phenomenal 1-Year Performance
Over the past year alone, Nidhi Granites’ shares have soared by an impressive 313%.
From Rs 71.62 on May 2, 2023, to Rs 295.15 on April 30, 2024, the company’s shares have demonstrated exceptional growth.
In the current year, the shares have surged by 137%, starting from Rs 125 on January 1, 2024, and reaching above Rs 295 by April 30, 2024.
Long-Term Growth Trend
The upward trajectory of Nidhi Granites’ shares extends beyond just one year. Over the past five years, the company’s shares have experienced a staggering increase of 870%.
Starting from Rs 30.45 on May 9, 2019, and climbing to Rs 295.15 on April 30, 2024, this long-term growth reflects the company’s sustained success.
Notably, in the last two years alone, the shares have seen a remarkable jump of 305%, rising from Rs 72.90 on April 28, 2022, to surpassing Rs 295 recently.
Additionally, the 52-week high for Nidhi Granites’ shares stands at Rs 295.15, showcasing the recent peak in value, while the 52-week low is Rs 58.50, indicating the resilience of the company’s shares even during market fluctuations.
