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Showing posts with the label NBCC India

Over 800 smallcaps end the week in red. 116 stocks fall in double-digits up to 43%

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[hfe_template id='11223'] [ad_1] BSE Smallcap's 2% weekly slide had 821 culprits to blame for as they fell up to 43% in the truncated week that ended on Thursday. In this, 116 counters plunged in double-digits as the overall sentiments remained subdued on US recession fears and tariff wars, unleashed by President Donald Trump. The top 10 laggards in the week gone by include BMW Industries, Triveni Turbine, Veranda Learning Solutions, Jai Corp, Orchid Pharma, Coffee Day Enterprises, Max Estates, EKI Energy Services, Gensol Engineering and K&R Rail Engineering which fell between 16% and 43%. Others with double-digit decline include Sapphire Foods India, Aditya Birla Real Estate, Balu Forge Industries, Swan Energy, Birlasoft, Hindustan Construction Company, Texmaco Rail & Engineering, Vakrangee and Senco Gold.Smallcap PSU stocks like Housing & Urban Development Corporation (HUDCO), Bharat Dynamics, Cochin Shipyard, NBCC (India), BEML, Railtel Corporation Of ...

NBCC board approves 1:2 bonus issue, fixes record date

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[hfe_template id='11223'] [ad_1] The Board of NBCC has approved a bonus issue of shares in a 1:2 ratio, meaning shareholders will receive one additional share for every two shares they currently hold in the company. The board has set October 7 as the record date to determine the eligibility of shareholders for receiving bonus shares. The bonus shares will be issued from free reserves created from profits, as per the audited financial statements for the year ending March 2024. The company has reserves and surplus amounting to Rs 1,959 crore available for capitalization. A company issues bonus shares to increase stock liquidity and lower the stock price, making it more affordable for investors. Bonus shares are fully paid additional shares issued by a company to its existing shareholders at no extra cost. The number of bonus shares received depends on the number of shares already held by the shareholder.All shareholders who own shares of the company before the record date,...