Ducon Infratechnologies Ltd Share: Shares of Ducon Infratechnologies Limited are seeing tremendous gains for the second consecutive day. Shares of Ducon Infratechnologies Ltd was trading higher by over 10% at Rs 30 on BSE in early trade today. Shares This uptrend is being seen after the issue of bonus shares. In fact, Ducon Infratechnologies Limited is issuing bonus shares to its investors in the ratio of 1:10. The record date for issue of bonus is today i.e. 19th April 2022. Earlier on Monday too, there was a tremendous rise in the shares of the company.
Board meeting was held on February 25, 2022
The Board of Ducon Infratechnologies in its meeting held on February 25, 2022 had considered and approved the bonus issue of equity shares in the ratio of 1:10. Explain that when a company makes additional profit from its business, then the company reserves a part of that profit capital in its reserves and surplus and in future the company will issue additional shares to its investors from the reserve and surplus. which is called bonus share.
Also read- Shares falling continuously due to this decision of the company, the brokerage firm also reduced the target price, now buy or sell?
Strong return of 378% in a year
As per the share price pattern of Ducon Infratechnologies, the stock has given a return of 378% in the last one year. The share price of Ducon Infratechnologies stood at Rs 6.36 on NSE on April 19 last year, which has now risen to Rs 30.40. At the same time, this stock has given a return of 155.25% in the last six months. During this period, this share has increased from Rs 11.91 to Rs 30.40 per share. The stock has given a return of 50% so far this year. At the same time, this stock has jumped 17.33% in the last five trading days.
Also read- These two IT companies will merge, IT sector will get tough competition across the world