π Bonus Shares Announcement π
π° On Thursday, the board of directors of Inox Wind Limited announced that they will be distributing free bonus shares to investors. Each shareholder will receive 3 bonus shares per share held. The company has not yet announced the record date for issuing the bonus shares.
π In the last week’s trading session, Inox Wind Limited’s share closed at Rs. 640.70, with a 0.74% decline. The stock had reached a 52-week high of Rs. 663. On Monday, April 29, 2024, the share price increased by 1.71% to Rs. 629.65, and on Tuesday, it further rose by 0.29% to Rs. 633.
π° Inox Wind Limited had previously given its investors a dividend of Rs. 14 per share in February 2024. Over the past five years, the company has distributed a total dividend of Rs. 56 per share to its investors.
πΈ In the March quarter of 2023-2024, Inox Wind Limited reported a consolidated profit of Rs. 723 crore, compared to a net profit of Rs. 165 crore in the same quarter last year. The company’s revenue collection increased from Rs. 1,027 crore to Rs. 2,141 crore.
π Nidhi Granites, another company, also announced the distribution of free bonus shares to its shareholders in a 1:1 ratio. The record date for this distribution is set for May 2. Last Friday, the company’s share closed at Rs. 267.75, with a 5% increase.
π Get ready for some bonus shares and happy investing!
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