The shares of this penny stock gained up to 5 percent after the company’s board of directors approved the bonus share of 2:1.
With a market capitalization of Rs 63.7 Crores. Ishan International Ltd, On Thursday, The shares closed at Rs 88.45 a share, an increase of 5 percent from the previous closing price.
The board of directors of Ishan International Ltd. authorized the bonus share of two equity shares of Rs. 1 each for each existing equity share of Rs. 1 each held as of a record date, according to the company filing. It is proposed to issue 14,41,56,860 equity shares at a cost of one rupee each.
Looking into the company’s performance revenue decreased by 32 percent from Rs 13.36 Crore in Q2FY23 to Rs 9.01 Crore in Q2FY24. During the same period, net profit increased by 102 percent from a loss of Rs 0.67 crore to a profit of Rs 0.02 crore.
The Joint Venture of Rs 3,50,00,000 with the Pharmaceuticals Company is recommended to move forward after the Board of Directors of the Company thoroughly assessed the potential advantages and risks involved.
Ishan Internationa Ltd’s recent shareholding pattern, The Promoters of the company own 68.10 percent while Retail shareholders own a 31.90 percent stake in the company.
Ishan Internationa Ltd. reported return ratios in the recent financial year with a return on equity (ROE) of 3.33 percent and a return on capital employed (ROCE) of 6 percent.
Ishan International Ltd works on construction and contracting projects with an emphasis on providing machinery, commissioning, erection/installation, and operational training for pharmaceutical, sugar, and jaggery plants.
Penny stocks are risky investments that should be made carefully because their financial statements do not accurately reflect their real circumstances. This article does not contain any financial advice.
Written by:- Abhishek Singh
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