{"id":114537,"date":"2023-11-28T16:05:57","date_gmt":"2023-11-28T10:35:57","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114537"},"modified":"2023-11-28T16:06:00","modified_gmt":"2023-11-28T10:36:00","slug":"penny-stock-jumps-3-after-companys-board-to-consider-bonus-interim-dividend-and-buyback-of-equity-shares","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-3-after-companys-board-to-consider-bonus-interim-dividend-and-buyback-of-equity-shares\/","title":{"rendered":"Penny stock jumps 3% after company&#8217;s board to consider bonus, interim dividend, and buyback of equity shares\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1489068815\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The share of the textile company jumped 3 percent after the board to consider bonus, interim dividend, and buyback of equity shares.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-909343147\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 180 crores, the shares of Akshar Spintex Ltd started Tuesday\u2019s trading session flat at Rs. 7.15. The share hit a high of Rs. 7.50 making a gain of around 3 percent and closed it day at Rs. 7.30 apiece.&nbsp;<\/p><p>Such positive movement was observed after the company in an exchange filing mentioned that the board meeting is scheduled on 15th December 2023, to consider and approve bonus issuance, interim dividend, and buyback of equity shares.&nbsp;<\/p><p>Looking at the company\u2019s financial statement, the revenue increased 13 percent from Rs. 38.35 crores during the June quarter to Rs. 43.57 crore in the September quarter. On a contrasting note, the net profit remained constant at Rs. 90 lakhs during both the quarter.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4220821349\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Coming onto the important financial ratios, the return on equity (RoE) was at -6.58 percent during FY22-23 and the return on capital employed (RoCE) was recorded at -3.66 percent during the same timeframe. Due to increasing expenses, the company is not able to maintain its profitability.&nbsp;<\/p><p>According to the latest shareholding pattern, the Promoters have a 43.75 percent stake in the company and the remaining 56.26 percent shares are with the Retail Investors.&nbsp;<\/p><p>Headquartered in Gujarat, Akshar Spintex Limited is engaged in the business of manufacturing and trading spun cotton yards. The company has a total of 24,480 spindles with annual production of 7500 MT in cotton yarn. Its products include fibers and yarns.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Vaibhav Patil<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2722172844\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The share of the textile company jumped 3 percent after the board to consider bonus, interim dividend, and buyback of equity shares.&nbsp; With a market capitalization of Rs. 180 crores, the shares of Akshar Spintex Ltd started Tuesday\u2019s trading session flat at Rs. 7.15. The share hit a high of Rs. 7.50 making a gain [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-114537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Penny stock jumps 3% after company&#039;s board to consider bonus, interim dividend, and buyback of equity shares\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The share of the textile company jumped 3 percent after the board to consider bonus, interim dividend, and buyback of equity shares.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-3-after-companys-board-to-consider-bonus-interim-dividend-and-buyback-of-equity-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penny stock jumps 3% after company&#039;s board to consider bonus, interim dividend, and buyback of equity shares\u00a0\" \/>\n<meta property=\"og:description\" content=\"The share of the textile company jumped 3 percent after the board to consider bonus, interim dividend, and buyback of equity shares.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-3-after-companys-board-to-consider-bonus-interim-dividend-and-buyback-of-equity-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-28T10:35:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-28T10:36:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-2-Cover-Image-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-3-after-companys-board-to-consider-bonus-interim-dividend-and-buyback-of-equity-shares\/\",\"url\":\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-3-after-companys-board-to-consider-bonus-interim-dividend-and-buyback-of-equity-shares\/\",\"name\":\"Penny stock jumps 3% after company's board to consider bonus, interim dividend, and buyback of equity shares\u00a0 - 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