Apis India 24:1 bonus shares: Company sets record date on Friday
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Apis India has fixed the record date for its 24:1 bonus issue on 5th December, where the company will give 24 bonus equity shares of Rs 10 per share for every one existing equity share of Rs 10 held by investors as on the record date. The 100-year-old Delhi-based company is in the business of making honey, with 13 manufacturing and supply chain facilities across India. It exports its products to the European Union, USA, Canada, SEA, Africa, and the Middle East. The stock has been placed in the Enhanced Surveillance Measure (ESM) Stage-I by the BSE. On Tuesday, it hit the 5% upper circuit of Rs 1,152.75, gaining Rs 54.85 over Monday’s closing price. The move came amid high volumes, which doubled compared to usual trading volumes. Apis India has a market capitalisation of Rs 635.17 crore. According to Trendlyne data, the stock has delivered 332% returns in the past 12 months, while its past five-year returns stand at a whopping 6,165%. Live...