Good news for people who invested in companies that offer bonus shares! Nidhi Granites Ltd has set the record date for its bonus issue.
If you have shares of this company on May 2, you’ll receive a bonus share for each share you hold with a face value of Rs 10.
This is the first time Nidhi Granites Ltd is giving out bonus shares, as they’ve never given dividends before.
As for the company’s performance in the stock market, its shares recently hit the upper circuit, reaching Rs 209.90 on the BSE after a 2 percent increase.
Over the past 3 months, the share price has gone up by 35 percent, and investors who’ve held onto their shares for 6 months have seen a profit of 154 percent, meaning their investment has more than doubled.
Over the last year, Nidhi Granites Ltd’s shares have surged by 198 percent.
The company’s shares have ranged from a high of Rs 227.45 to a low of Rs 58.50 per share in the past 52 weeks. The company’s market cap stands at Rs 83.96 crore.
