This mid-cap stock rose up to 2.9% after the company fixed the record date for the issue of bonus shares in the ratio of 4:1. This stock has given 29% returns in six months and 22% returns in one year. The stock is trading 6.1% away from the 52-week high.
Kama Holdings Limited
The company belongs to a small-cap category with a market capitalisation of Rs. 10,159 Cr. On Friday the stock opened at Rs. 15,450, at 10:35 a.m., shares were trading 2.4% up at Rs. 15,830 on BSE.
According to the company filing, Kama Holding Limited has fixed Tuesday, October 17, 2023, as the record date for the purpose of ascertaining the eligibility of shareholders entitled to the issuance of bonus share equity shares of the company in the ratio of 4:1. Which means, the company would issue four bonus share, for every one share owned by the investors.
As per the company filing, total revenues declined by 16.4% from Rs. 3,916.6 Cr in Q1 FY23 to Rs. 3,363.9 Cr in Q1 FY24 and for the same period, net profits decreased by 68% from Rs. 609.5 Cr to Rs. 361.6 Cr.
As per the latest shareholding information, Promotors hold 75.05% and the Public hold a 24.95% stake in the company.
Kama Holdings Ltd.’s operating segments include Technical textiles, Chemicals and polymers, Packaging film, and Others. It is well-known for its R&D capabilities around the world, particularly in the chemical area. Packaging film business generates the majority of the company’s revenue.
Written by Sheshadri N
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