{"id":124751,"date":"2024-05-23T16:09:26","date_gmt":"2024-05-23T10:39:26","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=124751"},"modified":"2024-05-23T16:29:10","modified_gmt":"2024-05-23T10:59:10","slug":"stock-hits-5-upper-circuit-after-companys-board-sets-record-date-for-11-bonus-issue","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-5-upper-circuit-after-companys-board-sets-record-date-for-11-bonus-issue\/","title":{"rendered":"Microcap stock jumps 2.5% after company&#8217;s board sets record date for 1:1 bonus issue"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-182355973\"><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 shares of the largest paint contractor gained up to 2.4 percent after the company\u2019s board fixed a record date for the issue of bonus shares in a 1:1 ratio.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3102437959\"><!-- 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 91.45 crore, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SIDDHIKA\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Siddhika Coatings Ltd<\/a><\/strong> closed at Rs 296.00 per share, increasing around 1.09 percent as compared to the previous closing price of Rs 292.80 apiece.\u00a0<\/p><p><strong>According to the exchange filing, Siddhika Coatings Ltd\u2019s board of directors has fixed a record date as, July 18, 2024, and approved the issue of bonus shares in a 1:1 ratio which means 1 equity share of Rs 10 each for every 1 equity share of Rs 10 each held by the Equity shareholders of the Company as on the record date fixed by the company.\u00a0<\/strong><\/p><p>Looking into Siddhika Coatings Ltd&#8217;s financial performance, revenue increased by 29 percent from Rs 16.03 crore in H1FY24 to Rs 20.79 crore in H2FY24. During the same time frame, net profit increased by 13 percent from Rs 2.08 crore to Rs 2.36 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2442241038\"><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>The company&#8217;s profitability measurements indicate an improvement in return on equity (RoE) from 7.04 percent in FY 21-22 to 13.72 percent in FY 22-23, while return on capital employed (RoCE) grew from 8.60 percent to 17.65 percent. The net profit margin (NPM) was 10.94% in fiscal year 22-23.&nbsp;<\/p><p>The company&#8217;s latest ownership pattern shows that promoters control 63.09 percent, retail shareholders own 36.91 percent, and domestic institutional investors own 0%.&nbsp;<\/p><p>Siddhika Coatings Limited is an Indian-based company. The Company imports and exports natural and synthetic resins, molding powders, adhesives and cement, oil dyes, distempers, cellular paints, colors, varnishes, enamels (including gold and silver leaf enamels), soap, and other items.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh&nbsp;<\/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 <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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-2247190186\"><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 shares of the largest paint contractor gained up to 2.4 percent after the company\u2019s board fixed a record date for the issue of bonus shares in a 1:1 ratio.&nbsp; With a market capitalization of Rs 91.45 crore, the shares of Siddhika Coatings Ltd closed at Rs 296.00 per share, increasing around 1.09 percent as [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28546,"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":[18292,18472,18293,18294,948,936,3157],"class_list":["post-124751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-siddhika-coatings","tag-siddhika-coatings-bonus","tag-siddhika-coatings-news","tag-siddhika-coatings-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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