News Title: MK Proteins Share Price 11 March 2024
In the stock market, many companies make various corporate announcements to attract new investors and keep existing investors engaged. Companies are trying to strengthen their presence in the market through bonus shares, stock splits, dividends, etc. One such food oil company, MK Proteins, has announced a bonus equity share for its shareholders. The company has announced the issuance of bonus equity shares in the ratio of 2:1. The face value of each share is ₹1. A company gives its shareholders a certain amount of additional bonus shares, increasing liquidity in the market and also distributing the earned profits among the shareholders. The record date has been set as March 15, 2024, to determine the eligible shareholders for the company’s bonus equity shares.
The current price of MK Proteins’ shares on BSE is ₹45.02. The market capitalization of the company is ₹563.21 crore. The stock has a 52-week low of ₹35.07 and a high of ₹100. The performance of the company’s shares has not been very satisfactory in recent months. According to BSE Analytics, MK Proteins’ share has dropped by 37.27% so far this year. The 6-month decline was 43.07%. Last year, MK Proteins announced a share split in the ratio of 10:1. MK Proteins Limited currently produces refined oils at its plant. Its refining capacity is 250 tons per day. On Monday (March 11, 2024), the share was trading at ₹44.0 with a 2.33% decline.
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