Ranjeet Mechatronics Announces 1:1 Bonus Share and 1:2 Stock Split; Share Price Surges 20% in a Week, 32% in a Month.
Bonus Shares: Shares of Ranjeet Mechatronics Ltd., a construction sector company, have witnessed a significant surge in recent days. The company's stock price has climbed by 20% in the past week. On Friday, March 28th, the stock opened with a 5% increase. Over the past month, the share price has seen a total increase of 32%.
Company Announces Bonus Share and Stock Split
Ranjeet Mechatronics has announced a significant reward for its investors. The company has declared a 1:1 bonus share, meaning investors will receive one additional share for every share held. Furthermore, a 1:2 stock split has also been announced, dividing each existing share into two. This news has further fueled demand for the stock in the market.
Record Date for Bonus Shares
The decision to issue bonus shares was made during a board meeting on February 18th. Shareholders approved the proposal on March 24th, setting April 2nd, 2025, as the record date for bonus shares. This means that investors holding shares by April 2nd will be eligible for the bonus shares.
Stock Split Record Date Announced
The company has also outlined its plans for the stock split. The record date for the 1:2 stock split is April 21st, 2025. This process will divide the company's ₹10 face value shares into two ₹5 shares. This will make the stock more accessible to smaller investors.
Share Performance Report
- Ranjeet Mechatronics shares have shown remarkable growth in recent months.
- The stock has increased by more than 18% in the past week.
- A 32% surge has been observed in the share price over the past month.
- Over the past three and six months, it has increased by 66.39% and 73.88%, respectively.
- However, it is still trading 17% below its 52-week high.
- The stock's 52-week high is ₹59 and the low is ₹27.28.
- The company's total market capitalization on BSE is ₹49.80 crore.
Ranjeet Mechatronics: Company Profile
Ranjeet Mechatronics Limited was established on June 10th, 1993, in Ahmedabad as 'Ranjeet Electric Private Limited'. The name was changed to 'Ranjeet Mechatronics Private Limited' on February 3rd, 2016. On May 28th, 2018, the company transitioned from a private limited to a public limited company, adopting the name 'Ranjeet Mechatronics Limited'.
