Bonus Share: Shares of Hardwin India Ltd fell 1.48 per cent to Rs 36.54 per share on Thursday from its previous close. The stock’s 52-week high is Rs 51.77 and 52-week low is Rs 26.10. The company has announced bonus shares in the ratio of 2:5. That means, if you have 5 shares of the company till the record date, then you will get 2 shares free.
Business of the company listed on both BSE and NSE
Hardwin India Limited is active in manufacturing architectural hardware and glass fittings for commercial and residential structures. The market cap of the company is Rs 1255.97 crore. The stock has given multibagger returns of 800 per cent in 3 years and 7100 per cent returns since listing.
September quarter
According to the quarterly results, net sales in Q2FY25 increased by 62 percent to Rs. 51.65 crore and net profit increased by 201 percent to 4.04 crore. In its half-year results, net sales grew 35 percent to Rs. 92.57 crore and net profit increased by 108 percent to Rs. A budget of Rs 5.38 crore has been made.
What is Bonus Share?
Bonus shares are issued to shareholders at a fixed rate. For example, suppose a company issues bonus shares in the ratio 3:1. This means that for every 1 share in your own portfolio, you will receive 3 shares. So if you have 100 shares of the company then you will get 300 shares.
