Bonus Announcement
This small cap company soon going to reward it’s shareholders by giving bonus share in 4:1. Sakuma export in its recent shareholders meeting fixed the record date of the bonus issue 09th August 2024. Those who wants to get bonus share they need to have shares in their demat account before 09th August 2024. That means for every one share you have, you will get four additional shares for free.
Sakuma export is one of the leading exporters in Buying, Processing, Marketing, Exporting bulk agricultural commodities like Sugar, Edible Oils, Oil Seeds, Pulses, Cotton, etc. It also offers innovative financial structured products linked to physical commodities.
Company having a great track records of its financial. The compounded profit growth of the company is around 50% of 3 years and CAGR stock price is 35%. Recently company rewarded it’s shareholders by giving opportunity to participate in right issue. Year till date company has delivered 117% returns to its shareholders.
Bonus share is rewarded when company have strong financial. So this states that company is strong. Bonus share will not only attract investors but also build strong relationship with them. Shares of sakuma export on friday close at 31.04 on NSE and 31.02 on BSE. Shares almost fall 23% from its 52 week high.
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Disclaimer: The stock highlights the bonus share, dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Returns Today should be held liable for any losses. Please consult a professional advisor.
