Rhetan TMT Ltd declared 11 bonus shares and 10 stock split record date announced – Business News India
read on the appBonus share: Rhetan TMT Ltd, a listed company in the stock market, has changed the record date of bonus shares and stock split. The company had fixed January 31,
2023 as the record date for 11:4 bonus shares and 1:10 stock split. Now the company has changed it to 10 March 2023. Means the eligible shareholders till this date will be entitled
to bonus shares and stock split. Under the split, the company will divide 1 share into 10 pieces, while there is a proposal to distribute 4 bonus shares on 11 shares. how were the
quarterly resultsIn the financial year 2022, Rhetan TMT Limited achieved a Net Revenue of ₹67.03 Crore. In the previous financial year, the company's revenue was ₹52.13 crore.
In this context, the revenue is 28.59% more. Rhetan TMT Ltd.'s expenses reached ₹64.16 crore, as against ₹51.95 crore a year ago. This shows an annual growth of 23.51%. The
company's net profit was ₹2.35 crore, up 1,645.31% from ₹0.13 crore a year ago. Announcement of 2 bonus shares on 1, the stock will also be divided into 10 pieces, this is the
new record date
See, the performance of stocksShares of Rhetan TMT on Thursday closed at a 52-week high of ₹486.90 on the BSE, up 3.60% from the previous close of
₹470. The stock price has grown from ₹66.50 to the current market price in last 6 months. This is a multibagger return of 639.85%. The market cap of the company is Rs 1,045.50
crore. This stock lost 34%, Adani bought the company 9 months ago, strong impact of Hindenburg report!
The listing was done on 5 September 2022Please tell that Rhetan
TMT was listed on BSE on 5 September 2022. Its initial public offering (IPO) size was Rs 56 crore. At the same time, its issue price was kept at Rs 70 per share. Looking at the
current price, the IPO has given a return of 777.79%.