Introduction: RMC Switchgears Ltd. Announces Bonus Shares for Investors
Stock market company of electric equipment sector RMC Switch Share has announced to give bonus shares to its investors. In this article, we will provide detailed information about the company’s functioning, its returns in the stock market, the current situation, and the bonus shares announced.
RMC Switchgears Ltd. – Company Information
RMC Switchgears Ltd., formerly known as RHH Metal Casting Pvt Ltd, was started in 1994 in Rajasthan, Jaipur. The company is ISO 9001:2008 certified and specializes in manufacturing Box, Junction Box, Feeder Pillar, Circuit Protection Switchgear.
RMC Switch Share – Current Status
The market cap of RMC Switch Share is 551.29 Crores. The promoter holding of the company is 52.93%. The company currently has a debt of 41.49 Crores and a free cash availability of 11 Lakhs. The sales growth of the company is 13.56% and the profit growth is 28.28%. The company’s ROE is 2.08% and ROCE is 5.02%.
Return Information for Last 5 Years
RMC Switch Share has shown impressive returns in the last few years. In the last 6 months, the company has given a return of 242%. In the last 1 year, the return is 1706%. In the last 3 years, the return is 214%. And in the last 5 years, the return is 67%.
Announcement of Giving Bonus Shares
RMC Switch Share is currently trading at Rs.802. The company has announced to give 1 share in exchange for 2 shares. This means that if an investor has 2 shares, they will be given 1 share for free. This announcement has led to significant growth in the company.
For example, if an investor has two shares worth Rs 800, after receiving the bonus shares, their portfolio will be worth Rs 2400. This has generated interest among investors to buy these shares.
Multibagger Stock in 1 Year
RMC Switch Share has already proven to be a multibagger stock in the market. In just 1 year, the stock has gone from ₹42 to ₹802. This means that if someone had bought 1000 shares at ₹42, their investment would have grown to ₹802,000 after 1 year.
Disclaimer: The purpose of this news article is to provide information only. We do not advise investing in the stock market. The stock market is subject to risk, so it is recommended to seek expert advice before investing.
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