Updates :: Stock Split - Bonus Issues - Right Issues

Mr

Nirmalraj — 2007-10-16T23:48:30-07:00

RE: Unitech Bonus Issue 1:1 Approved by Share holders.

peeyush243 — 2007-09-06T19:34:28-07:00

unitech has split. can anybody tell me what is the process of receiving shares in split? is there any time limit? as i am having 70 shares @ 580 and now it is showing 70 @ 250.

bonus

sameer7860 — 2007-09-04T02:40:23-07:00

dear sir

i am looking for a website where i can get tips of bonus share before company announce is there any website which will tell me this

Thanking you

Sanghvi Movers stock split

Stock Market India — 2007-08-29T23:29:35-07:00

The record date for Sanghvi Movers stock split has been fixed as 30 August 2007. Shareholders of Sanghvi Movers who�s names appear on the register of shareholders of Sanghvi Movers on 30 August 2007 will be eligible for the stock split. The ratio of the stock split is 1:5 (1 share of face value Rs. 10 each will be split into 5 shares of face value Rs. 2 each).

Jai Corp Upper Circuit on Liberal Bonus 1:1

Stock Market India — 2007-08-10T06:39:18-07:00

Jai Corp was locked at the 5% upper circuit of Rs 5580.45 at 10:54 IST after its board approved a 1:1 bonus issue. The announcement was made after market hours on Thursday, 9 August 2007. The BSE Sensex, meanwhile, was down 354 points or 2.39% to 14738tracking fresh setback in global markets. Asian stocks tumbled acrossthe board on Friday as credit jitters flared up, after France's biggestlisted bank BNP Paribas on Thursday, 9 August 2007, froze three fundsthat invested in US subprime mortgages
On BSE, 22,993 shares were traded on the counter today. The scrip hadan average daily volume of 12,817 shares in the past one quarter. The shares of the mid-cap diversified company hit a high of Rs 5580.45,its all-time high for the scrip, and a low of Rs 5300 so far during theday. It had touched a 52-week low of Rs 275 on 21 August 2006.
Jai Corp had risen 72.12 % over the last one month to 9 August2007 compared to the Sensex's gain of 1.27%. It had outperformed themarket over the past quarter, rising 182.75% compared to the Sensex'sgain of 9.45%.
The scrip had climbed 71.02% from a recent low of Rs 3107.60 on 25 July2007 to Rs 5314.75 on 9 August 2007 backed by the company's decision tosplit the shares and to consider bonus issue.
The company's current equity is Rs 8.63 crore, with 86.3 lakh outstanding shares of a face value of Rs 10. The current price of Rs 5580.45 discounts its Q1 June 2007 annualised EPS of Rs 157.78 by a PE multiple of 35.36. On 31 July 2007, the board of directors had approved thesub-division of the equity shares from existing face value Rs 10 pershare to a face value of Re 1 per share. It also approved increasingthe limit for investment by foreign institutional investor (FIIs) to49% of the paid-up equity capital.
Jai Corp reported net profit of Rs 34.04 crore in Q1 June 2007 asagainst net loss of Rs 6.13 crore in Q1 June 2006. Sales declines37.76% to Rs 51.20 crore in Q1 June 2007 over Q1 June 2006. The company operates in three business segments: steel, plasticprocessing and spinning. The steel division manufactures coils andsheets. The plastic processing division manufactures woven sacks andfabrics. The spinning division is involved in the manufacturing ofspinning yarn.

Stock Split Updates: Anant Raj Industries

Stock Market India — 2007-08-10T06:37:11-07:00

Anant Raj Industries was down 2.84% to Rs1190 at 11:53 IST ahead of its board meeting today, 10 August 2007, toconsider a stock-split. The BSE Sensex, meanwhile, was down 410.62, or 2.72%, to 14,689.53,tracking fresh setback in global markets. Asian stocks tumbled acrossthe board on Friday as credit jitters flared up after France's biggestlisted bank BNP Paribas on Thursday, 9 August 2007, froze three fundsthat invested in US subprime mortgages.
On BSE, 3,331 shares of the scrip were traded. The stock had anaverage daily volume of 8,535 shares on BSE in the past one quarter. The shares of the mid-cap construction firm and tile maker hadtouched a high of Rs 1278.80 and a low of Rs 1172.35 so far during theday. It had hit a 52-week high of Rs 1474.90 on 7 December 2006 and a52-week low of Rs 685.10 on 9 August 2006. Anant Raj Industries had fallen 4.87% in the one month to 9 August 2007versus the Sensex's 1.27% drop. It had added 7.35% in the past threemonths against the Sensex's 9.45% return.

Record date for Modison Metals stock split is 10 August 2007

Stock Market India — 2007-08-09T10:54:16-07:00

Stock split: Modison Metals has fixed 10 August 2007 as the record date for thesub-division of 1 equity share of Rs 10 each into 10 equity shares ofRe 1 each.

State Bank of India Stock Split News

Stock Market India — 2007-08-06T23:08:47-07:00

State Bank of India had moved up 1.94% to Rs 1714.50 at 10:41 IST on reports that it is planning a stock-split. SBI had gained 8.50% in the one month to 6 August 2007 versusthe Sensex's 0.41% drop. It had added 55.51% in the past three monthsagainst the Sensex's 8.26% return.
At the current price of Rs 1714.50, the scrip trades at a PEmultiple of 15.82 based on Q1 June 2007 annualised EPS of Rs 108.36. As per reports, State Bank of India (SBI) may announce astock-split and follow-on public offer simultaneously in the next fewmonths. The bank aims to generate liquidity for its share whose valuehas gone up considerably. Post-split, face value is likely to be Rs 1or Rs 2 per share.
The bank is also planning to split the shares of some of itssubsidiaries. SBI has seven associate banks of which three � State Bankof Travancore, State Bank of Mysore and State bank of Bikaner &Jaipur � are listed. During market hours yesterday, 6 August 2007, SBI announced areduction as well as hikes in deposit rates based on maturities,effective 9 August 2007.

The bank has cut the deposit rate for one year to less than two yearsto 8% from 8.25%. Simultaneously, it hiked the rate on deposits for 271days to less than a year to 6.75% from 6.50%. The bank has introduced a new band - three years and up to 10 years - with an interest rate of 8.50% as against the earlier five years and above rate of 8.25%. Net profit of SBI rose 78.5% to Rs 1425.81 crore on a 27.8% increase in operating income to Rs 12229.09 crore in Q1 June 2007 over Q1 June 2006. Government of India holds a 59% stake in SBI.

Unitech Bonus Issue 1:1 Approved by Share holders.

Stock Market India — 2007-07-31T06:55:22-07:00

Unitech had surged 4.11% to Rs 558.85 at 15:45 IST after its shareholders approved a 1:1 bonus. The BSE Sensex, meanwhile, was up 290.08 points, or 1.90%, to 15,550.99. The company made the announcement during market hours today, 31 July 2007. On BSE, 14.68 lakh shares of the scrip were traded.The stock had anaverage daily volume of 12.45 lakh shares on BSE in the past onequarter.
Unitech had touched a high of Rs 566 and a low of Rs 529.50 sofar during the day. It had hit a 52-week high of Rs 623.60 on 29 May2007 and a 52-week low of Rs 187 on 1 September 2006. The stock had tumbled 4% to Rs 536.80 yesterday, 30 July 2007,despite the company reported 370.5% rise in net profit in Q1 June 2007during market hours yesterday, 30 July 2007.
The scrip of India's third largest construction firm in terms of saleshad gained 6.39% in the one month to 30 July 2007 versus the Sensex's4.17% return. It had added 27.37% in the past three months against theSensex's 10.01% appreciation. The company's equity capital is Rs 162.34 crore, with 81.17 crore outstanding shares of a face value of Rs 2 each. At the current price of Rs 558.85 the scrip trades at a PE multiple of 32.60, based on year ended March 2007 EPS of Rs 17.14.

Bonus wish fulfilled, Valecha Engineering retreats

Stock Market India — 2007-07-31T06:52:45-07:00

Valecha Engineering had dropped 6.3% to Rs 290.75 at 12:18 IST on profit taking after its board recommended a 1:2 bonus. The BSE Sensex, meanwhile, was up 33 points, or 0.22%, to 15,297. On BSE, 1.27 lakh shares were traded on the counter today. The scriphad an average daily volume of 40,027 shares in the past one quarter.
Valecha Engineering had hit a high of Rs 321 and a low of Rs290 so far during the day. It had touched a 52-week high of Rs 325 on30 July 2007 and a 52-week low of Rs 136 on 8 August 2006. The scrip of the construction company which undertakes turnkeyprojects had risen 19.4% over the last one month to 30 July 2007compared to the Sensex's return of 4.17%. It had outperformed themarket over the past quarter, rising 42.98% compared to the Sensex'sgain of 10.01%.
The share price had declined 5% from Rs 313.85 on 12 July 2007 to Rs298.15 on 20 July 2007. It had bounced back to Rs 310.55 on 30 July2007. The company's current equity is Rs 7.95 crore, with 79.5 lakh outstanding shares of a face value of Rs 10. The current market price of Rs 290.75 discounts its Q1 June 2007 annualised EPS of Rs 17.96, by a PE multiple of 16.18.
Valecha Engineering announced before market hours today, 31 July2007, that the board of directors of the company at its meeting held on30 July 2007 had recommended a bonus in the ratio of 1 share for every2 shares held. The company's net profit rose 47.5% to Rs 3.57 crore in Q1 June2007 over Q1 June 2006. Sales soared 79.1% to Rs 93.39 crore in Q1 June2007 over Q1 June 2006.
On 18 April 2007, Valecha Engineering said it had bagged newprojects worth Rs 100 crore. These projects include road works at NewDelhi, Punjab and Arunchal Pradesh and construction job for Delhi MetroRail Corporation. This takes its order book position close to the Rs1000- crore mark.
Valecha Engineering has over the past undertaken turnkey projects forhighways, bridges, canals, tunnels, dams and commercial real estate aswell as for airports.

1:1 bonus buoys Kirloskar Oil Engines

Stock Market India — 2007-07-19T12:49:11-07:00

Kirloskar Oil Engines had spurted 9.44% to Rs 364 at 12:07 IST after its board approved a 1:1 bonus share issue.

India's largest selling engine maker made the announcement during market hours today, 19 July 2007.
The scrip had touched a high of Rs 386 and low of Rs 338 so far duringthe day. The stock had hit a 52-week high of Rs 400 on 13 July 2007 anda 52-week low of Rs 161.20 on 24 July 2006.
On BSE, 2.53 lakh shares of the scrip were traded. The stockhad an average daily volume of 27,809 shares on BSE in the past onequarter.
The company's equity capital is Rs 19.42 crore, with 9.71 crore outstanding shares of a face value of Rs 2 each.
At the current price of Rs 364, the scrip trades at a PE multiple of 19.81, based on year ended March 2007 EPS of Rs 18.37.

Bonus bonanza boosts Banco Products

Stock Market India — 2007-06-28T23:06:12-07:00

Banco Products (India) was up 2.95% to Rs 334.90 at 10:16 IST after recommending 1:1 bonus. The announcement was made after market hours on Thursday, 28 June 2007. The scrip had touched a high of Rs 342 and a low of Rs 330.15 so far during the day.
On BSE, 5,940 shares of the scrip were traded.The stock had an averagedaily volume of 4,035 shares on BSE in the past one quarter. At the current price of Rs 334.90, the scrip trades at a PE multiple of 8.96 based on year ended March 2007 EPS of Rs 37.37.
The Banco Products scrip gained 19.46% in the one month to 28June 2007 versus the Sensex's 0.65% rise. It had added 28.45% in thepast three months against the Sensex's 10.96% rise. The stock had hit a 52-week high of 347.45 on 26 June 2007 and a 52-week low of Rs 144 on 28 June 2006.
Banco Products' net profit surged 60.1% to Rs 6.21 crore in Q4March 2007 as against Rs 3.88 crore in Q4 March 2006. Sales moved up57.8% to Rs 74.35 crore in Q4 March 2007 (Rs 47.11 crore). Net profit scaled up 98.7% to Rs 25.26 crore in the year endedMarch 2007 as against Rs 12.71 crore in FY 2006. Sales jumped 50.7% toRs 260.21 crore in FY 2007 (Rs 172.68 crore).
Banco Products operates in the gasket and radiator segments.Its products find wide applications in automobiles, oil engines,compressors, locomotives, and machinery.

Move to split stock charges up Amara Raja Batteries

Stock Market India — 2007-06-25T10:33:52-07:00

Amara Raja Batteries had jumped 5% to Rs 454.80 after recommending subdivision of equity shares of Rs 10 each to Rs 2 each. The company made the announcement after market hours on Friday, 22 June 2007. The scrip is currently locked at the 5% upper limit. It had touched a low of Rs 438.90 so far during the day.
On BSE, 13,466 shares had changed hands on the counter. The stock had an average daily volume of 7,423 shares on BSE in the past one quarter. The Amara Raja Batteries scrip had gained 6.48% in the one month to 22 June 2007 versus the Sensex's 1.75% rise. It had jumped 34.52% in last three months against the Sensex's 8.89% gain.
At the current price, the scrip trades at a PE multiple of 11.01, based on its year ended March 2007 EPS of 41.30. The proposed stock-split is expected to increase liquidity in the counter. The company also said its board approved buying land for up to Rs 20 crore in Uttarakhand to expand operations. Amara Raja Batteries' net profit flared up 65.72% to Rs 15.23 crore in Q4 March 2007 as against Rs 9.19 crore in Q4 March 2006. Sales moved up 75.43% to Rs 193.60 crore in Q4 March 2007 (Rs 110.36 crore).
Net profit rose 97.23% to Rs 47.04 crore in the year ended March 2007 as against Rs 23.85 crore inFY 2006. Sales moved up 64.39% to Rs 595.80 crore in FY 2007 (Rs 362.43 crore). Amara Raja Batteries manufactures automotive battery under the brand name of Amaron.

Elecon Engineering and Ashapura Minechem Bonus Issues

Stock Market India — 2007-06-18T21:20:22-07:00

Elecon Engineering Board recommends bonus issue & dividend

Elecon Engineering Company Ltd has informed BSE that the Board ofDirectors of the Company at its meeting held on June 15, 2007, interalia, has recommended the following:1. 75% Dividend i.e. Rs 1.5 pershare of Rs 2 each.2. Subject to the approval of the members of itsensuing General Meeting, 2 nos of Bonus share for every 1 no. of shareheld.

Ashapura Minechem Board to consider bonus issue

Ashapura Minechem Ltd has informed BSE that a meeting of the Board ofDirectors of the Company will be held on June 27, 2007, to consider theissue of bonus shares.

Stock-split, bonus broker Yashraj Securities trading

Stock Market India — 2007-06-11T10:55:09-07:00

Yashraj Securities jumped 5% to Rs 564.90 after its board approved a bonus issue and stock-split on 10 June 2007. On BSE, 342 shares were traded in the scrip.
The Yashraj Securities scrip has gained almost 19.58% since 1 June 2007after the company announced its plan for bonus issue and stock-split.From Rs 449.90 on 1 June 2007, it settled at Rs 538 on 8 June 2007.
The stock has been on an uptrend since January 2007. It surged223.15% to Rs 428.50 on 31 May 2007, from Rs 132.60 on 2 January 2007.Despite a fall in the share price twice within a five-month period, thescrip recovered and continued its upward journey.
At its meeting held on 10 June 2007, the board recommended issue ofbonus shares in the ratio of 5 new equity shares for each existingequity share of the company.
Further, the board decided to split the face value of the equity shares of the company from Rs 10 per share to Rs 2 per share.
Net profit of Yashraj Securities, a financial services firm, jumped96.3% to Rs 0.51 crore in Q3 December 2006, from Rs 0.26 crore in Q3December 2005. Operating income gained 88.9% to Rs 0.51 crore (Rs 0.27crore).

Bhel reaches a summit ahead of record date for bonus bounty

Stock Market India — 2007-05-29T07:32:43-07:00

Bharat Heavy Electricals jumped 5.55% to Rs 2874 ahead of its record for 1:1 bonus issue. The stock hit a high of Rs 2889.90 which a lifetime high for the counter. On BSE, 2.64 lakh shares were traded in the stock.
From a recent low of Rs 2,429.55 on 11 May 2007, Bhel had risen to Rs2,636.05 on 21 May 2007. The renewed buying materialised after profittaking had pulled the stock down to Rs 2,429.55 on 11 May 2007, from Rs2,553.90 on 18 April 2007.
From 11 May 2007, the scrip was in up trend. It touched a high of Rs 2723.75 on 28 May 2007. Bhel had recently set 1 June 2007 as record date for a liberal 1:1 bonus issue.
Around Rs 3,200 crore of investment in planned by Bhel during theEleventh Five-Year Plan period to increase manufacturing capacity fromthe current 6,000 Mega Watt (MW) to 15,000 MW per annum. Thestate-owned company would be spending about Rs 1,200 crore to augmentits capacity to 10,000 MW by the end of 2007.
Bhel would also replace ageing facilities for improving productquality, reducing cost and cycle time and enhancing productivity,besides modernising and upgrading equipment at various power plantsites for meeting enhanced erection load and shorter commissioningschedules.
Bhel has set a target of increasing revenue to $10 billion from $4billion as part of its `Strategic Plan 2012.' The company hasidentified overseas business as one of its thrust areas in the plan,which is expected to be a key driver for turnover growth.
Bhel's net profit rose 32.5% to Rs 1,150.37 crore in Q4 March 2007 fromRs 867.95 crore in Q4 March 2006. Sales was up 25.4% to Rs 6,919.68crore, from Rs 5,515.69 crore in Q4 March 2006.
The net profit advanced 43.8% to Rs 2,414.70 crore in the year ended FY2007, from Rs 1679.16 crore in FY 2006. Sales moved up 30.3% to Rs17237.53 crore in FY 2007 compared with Rs 13228.26 crore in FY 2006.
Bhel's principal activities are to manufacture and distributeelectrical, electronic, mechanical and nuclear power equipment. Thecompany operates under two segments: power sector and industry sector.
The plants of the company are located in Ranipet, Goindwal, Jagdishpur,Tiruchy, Rudrapur, Hyderabad, Bangalore and other places.

Bhel reaches a summit ahead of record date for bonus bounty

Stock Market India — 2007-05-29T07:32:39-07:00

Liberal 1:1 bonus electrifies Bajaj Electricals

Stock Market India — 2007-05-29T07:29:49-07:00

Bajaj Electricals jumped 11.52% to Rs 594.90after the company's board recommended 1:1 bonus issue during tradinghours today, 29 May 2007.

Bajaj scrip had opened at Rs 545, it moved up 3.39% to Rs 550 in earlytrades ahead of the board meeting to discuss bonus issue. It spurted inafternoon trade soon after the comapny announced the bonus ratio. Thescrip surged to a high of Rs 609. On BSE, shares were traded in the stock.
Bajaj Electricals has seen a steady rally in the past few weeksahead of this announcement. The stock had spurted 20% to Rs 503.60 in asingle trading session on 16 May 2007 when the company first announcedduring trading hours that its board will meet on 29 May 2007 toconsider bonus issue. The stock moved between Rs 502 to Rs 519 from 17May 2007 to 25 May 2007. It surged 3.4% to Rs 532.65 on Monday 28 May2007.
The company had last issued bonus in ratio of 1:2 (1 bonus share for every 2 held) in 1997.
Bajaj Electricals manufactures a diverse range of products in threedivisions: lighting, consumer durables and galvanised structures. Italso undertakes turnkey projects of manufacturing and installingmobile, street lighting and transmission towers.
The company is a part of the Shekhar Bajaj Group with promoter holdinga 66% stake in the company. It has five major strategic business unitscomprising home appliances, fans, lighting, luminaires and engineering& projects. It also manufactures, erect and commissionstransmission line towers, telecom towers, mobile telecom towers andwind energy towers.
The company had reported a 126.10% spurt in net profit to Rs 9.95 crorein Q3 December 2006 compared with a net profit of Rs 4.40 crore in Q3December 2005. Net sales rose 20.50% to Rs 283.30 crore (Rs 235.07crore).

Liberal 1:1 bonus electrifies Bajaj Electricals

Stock Market India — 2007-05-29T07:29:49-07:00

Unwanted Msgs on this Forum !!! ????

PK — 2007-05-29T02:02:23-07:00

Can U pls delete these unwanted msgs ? There Are loads of Unwanted msgs. Looks like all SPAM.

Rgds

Prashant