Bonus Share: Shares of Franklin Industries Limited are in focus today on Thursday. The company’s stock has hit a lower circuit of 2% today and the stock has reached an intraday low of Rs 3.92. Franklin Industries Limited is going to give bonus shares in the ratio of 1:1 and has announced the record date for this. That is, one additional share of the company will be given for every share. The company has fixed the record date for this as Monday, 09 September, 2024.
company share price
Shares of Franklin Industries Ltd are hitting lower circuit for the sixth consecutive day after gaining nearly 134 per cent in 1 year. The stock has a 52-week high of Rs 8.26 and a 52-week low of Rs 1.67. The market cap of the company is Rs 56.68 crore. The company’s shares have a PE of 4 times while the industry PE is 39 times, with a ROE of 112 per cent and ROCE of 120 per cent. 100 per cent stake is held by the public till June 2024.
This power company’s stock has fallen by 90%, investors are selling shares in large numbers, price at ₹32
The company has done business in ex split
Let us tell you that before the bonus shares, the company has also traded in ex-split. The date of stock split in the ratio of 1:10 was January 11, 2023. Apart from this, the company’s shares were issued out of the rights issue in the ratio of 3:1. The ex-date for the rights issue was May 13, 2024. According to the quarterly results, net sales grew 263 percent to Rs 26.63 crore and net profit grew 840 percent to Rs 5.65 crore in Q1FY25 as compared to Q1FY24.
