Title: Exciting News: Salasar Techno Engineering Announces Bonus Shares!
Introduction:
๐ Salasar Techno Engineering, a small-cap company, is experiencing a rapid surge in its share prices, much to the delight of its shareholders. The company recently made an announcement to distribute bonus shares to its eligible shareholders. Let’s dive into the details and see why this news has created a buzz in the market!
1. Record Date Announcement:
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Salasar Techno Engineering has announced the record date for issuing bonus shares. The company will distribute bonus shares to its shareholders in a ratio of 4:1. This means that for every share held, shareholders will receive 4 bonus shares free of cost.
2. Share Price Rally:
๐ The shares of Salasar Techno Engineering witnessed a strong rally, closing at INR 94.70 per share during a special trading session on Saturday, 20th January 2024, marking a significant increase of 19.42%. The rally continued on Tuesday, 23rd January 2024, with the shares trading at INR 107, reflecting a growth of 12.68%.
3. Impressive Returns:
๐ฐ Over the past five days, Salasar Techno Engineering has provided its investors with a return of over 30%. This demonstrates the company’s solid performance and its commitment to rewarding its shareholders.
4. Bonus Shares Record Date:
โฐ The record date for the distribution of bonus shares by Salasar Techno Engineering has been set for 1st February 2024. Shareholders are eagerly anticipating this date to benefit from the bonus shares.
5. Previous Bonus Share Allocation:
๐ผ In July 2021, Salasar Techno Engineering had allocated bonus shares to its shareholders in a 1:1 ratio. This move was well-received by investors, further enhancing their confidence in the company.
6. Stock Split:
๐ In June 2022, Salasar Techno Engineering divided its shares by splitting each share with a face value of INR 10 into 10 shares with a face value of INR 1. This strategic decision aimed to make the shares more accessible to investors.
7. Business Segments:
๐ข Salasar Techno Engineering primarily operates in the telecommunications, electricity, renewable energy, smart city solutions, poles, and heavy steel structure segments. The company’s diverse business portfolio contributes to its growth and stability.
8. Impressive Returns for Shareholders:
๐ Over the past four years, Salasar Techno Engineering’s shares have provided a remarkable return of 2,417% to its investors. The shares, which were trading at INR 3.78 on 17th April 2020, reached a price of INR 94.88 on 20th January 2024.
9. Exceptional Performance:
๐ Salasar Techno Engineering’s shares have delivered a staggering return of 581% to its shareholders over the past three years. On 22nd January 2021, the shares were trading at INR 13.98, indicating significant growth over the course of a year.
10. Recent Performance:
๐ In the last six months, Salasar Techno Engineering shares have recorded an impressive return of 93%. This highlights the company’s consistent growth and its ability to generate value for its investors.
Short:
โจ Salasar Techno Engineering’s announcement of bonus shares and its remarkable share price performance has created excitement among shareholders. With a solid track record of delivering impressive returns and a diverse business portfolio, the company continues to impress investors. Keep an eye on the record date and witness the positive impact of bonus shares on the company’s growth trajectory.
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Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
