Bonus Share: 220% return in simply 6 months, now you’ll get 2 free shares for each share – INA NEWS

Kitex Clothes Bonus Share: Garment and attire sector firm Kitex Clothes It’s distributing bonus shares to its shareholders within the ratio of two:1. Which means that shareholders will get 2 new shares as a bonus for each share of the corporate they maintain. The document date for that is 17 January 2025. The bonus share was introduced on November 22, 2024. Kitex Clothes, integrated within the yr 1992, manufactures cotton and natural cotton clothes, particularly youngsters’s put on, and exports them to the markets of America and Europe.

The corporate serves many giant enterprise teams within the US and European markets, akin to Gerber Childrenswear LLC, Carter’s, Carter’s Manufacturers, H&O Fashions, Bye-Bye Child, Ross Shops, Amazon, Goal, Sam’s Membership, Walmart. Its subsidiary Kitex USA LLC markets the licensed model Lamaze and the corporate’s model, Little Star infantswear in america and Canada. Its subsidiaries embody Kitex Littlewear Restricted, Kitex Babywear Restricted, Kitex Kidswear Restricted, Kitex Knits Restricted, Kitex Packs Restricted and Kitex Socks Restricted.

Buying and selling of Kitex Clothes bonus shares from January 21

Beneath the bonus concern, the corporate will allot a complete of 13,30,00,000 fairness shares. Bonus shares shall be allotted on January 20 and could be traded from January 21. Kitex Clothes had earlier distributed bonus shares within the yr 2017. At the moment, shareholders acquired 2 new shares as bonus for each 5 shares they held. Share value of Kitex Clothes closed at Rs 689.85 on BSE on Friday, January 10. The face worth of the share is Rs 1.

Shares strengthened 220% in 6 months

The market cap of Kitex Clothes is greater than Rs 4,500 crore. In keeping with BSE, the share value has strengthened by 190 % in a yr and by 220 % in simply 6 months. Promoters held 56.66 % stake within the firm by the tip of September 2024.

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In keeping with information out there on BSE, the corporate’s standalone income within the July-September 2024 quarter stood at Rs 215.88 crore. Throughout this era, standalone web revenue was recorded at Rs 39.94 crore. Kitex Clothes’ standalone income in FY2024 was Rs 616.92 crore and standalone web revenue was Rs 68.19 crore.

Disclaimer: The knowledge offered right here is predicated on share efficiency. You will need to observe that investing available in the market is topic to market dangers. As an investor, all the time seek the advice of an knowledgeable earlier than investing cash. Moneycontrol by no means advises anybody to speculate cash right here.