Integra Essentia, a leading company in the agriculture and textile sectors, saw a rise in its share price on Tuesday. The share price increased by 6.41% to close at Rs. 7.47. However, today the share price has experienced a decrease of 1.41% and is currently trading at Rs. 7. The company’s decision to issue bonus shares in a 1:1 ratio, approved by the board of directors, has resulted in a surge in the market capitalization to Rs. 341.40 crore. The announcement of bonus shares means that existing shareholders will receive one equity share of Rs. 1 for every share held until the record date, subject to regulatory and shareholder approval. The company will delay the record date, as per the stock exchange.
Integra Essentia has provided good returns to investors in recent months. The stock has seen an increase of over 40% in the past three months and a growth of 25% in the previous month. The stock is up by 9% this year until 2023. Investors have received a bumper return of 600% in the last three years. The company has recently received an advance order of Rs. 15 crore from Himalayan Bio, a subsidiary of Sarveshwar Foods Limited, for its agriculture division. Both organizations are associated with the Sarveshwar Group based in Jammu. Additionally, the company has established a long-term relationship with the group. The Sarveshwar Group aims to provide an annual turnover of Rs. 90 crore in agricultural products. Integra Essentia is a leading player in the agriculture and textile sectors. The company has informed the stock markets that the bonus shares will be credited to the eligible shareholders’ accounts within two months of approval by the board.
Integra Essentia Share Price as of 30 November 2023:
★The share price of Integra Essentia increased by 6.41 percent on Tuesday and closed at 7.47 rupees.
★Currently, the share is trading at 7 rupees with a decrease of 1.41 percent.
★The company’s share market capitalization has increased to 341.40 crores after the approval of the decision to issue bonus shares in a 1:1 ratio by the company’s board of directors.
★The company’s board of directors approved the issuance of bonus shares in a 1:1 ratio in their meeting held on 27th November.
★This means that existing shareholders will receive one equity share of 1 rupee for each share held until the record date, subject to regulatory and shareholder approval.
★The company will announce the record date at a later time, according to the stock exchange.
★Integra Essentia has provided good returns to investors in recent months, with a growth of over 40 percent in the last three months and a 25 percent increase in the previous month.
★The stock is up 9 percent this year until 2023 and has provided a bumper return of 600 percent to its investors in the past three years.
★Recently, Integra Essentia announced receiving an advance order of 15 crores from its agricultural business division from Himalayan Bio and its subsidiary, Serveshwar Foods Limited, both of which are associated with Serveshwar Group based in Jammu.
★The company has also established a long-term relationship with the group. The Serveshwar Group aims to provide agricultural products worth 90 crores annually.
★Integra Essentia is a leading company in the field of agricultural products and textiles.
★The company has informed the stock markets that the bonus shares will be credited to the eligible shareholders’ accounts within two months of the board’s approval.
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