Pharma Stock Bonus: A small cap pharmaceutical healthcare company earlier announced about a 4:10 bonus shares issue and 1:10 split stock in October. Actually we are talking about Achyut Healthcare Ltd, a small Cap Company working in the pharma industry going to reward bonus and stock split at the same time.
As soon as the news came, a lot of buying was seen in between this 1 month after declaration. Now the company fixed the record date for next week. The shares of Achyut Healthcare have gained as much as 16.91% in the last one month. On BSE, Achyut Healthcare shares closed at Rs 78 with 1.48% decline on Friday, December 6. Check more details below.
Achyut Healthcare Bonus Issue
Achyut Healthcare Limited board of directors scheduled a board meeting on October 19, 2024. After the board meeting, the company informed the stock exchange that they will reward 4 bonus shares at a 4:10 ratio. This means shareholders will get 4 free shares for the existing 10 equity shares held. Achyuta Healthcare has informed that 10 shares with a face value of Rs 1 will be given as bonus to eligible Shareholders.
Talking about the bonus Share issue, Achyut Healthcare Limited also gave a bonus in 2023 as well. Then the company gave 1 share as bonus for every 2 shares held.
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Achyut Healthcare Stock Split
At the same board meeting held on October 19, 2024, the company also announced a stock split at a ratio of 1:10. Achyut Healthcare Limited has informed the exchange that one share with a face value of Rs 10 will be divided into 10 pieces. This means, the face value of the company’s shares will decrease to Rs 1 per share after this stock split.
Achyut Healthcare Bonus Split Date
Achyut Healthcare Ltd has fixed Tuesday, December 10 as the record date for both bonus share issue and stock split. Investors looking for benefits of the bonus issue and stock split can take part before the record date.
Achyut Healthcare Share Performance
On BSE, Achyut Healthcare Shares closed at Rs 78 with a 1.48% fall. The 52-week high of this Pharma Stock is Rs 86.39 while 52-week low is Rs 40.23. Talking about the share performance of this company, Achyut Healthcare has given 44.44% return in the last 6 months however it has decreased YTD to 34.48%. In the last one year, the shares have delivered 59.18%. However, its all-time gain is 474.80%. Let us tell you that Achyut Healthcare Limited has been listed on stock exchange in April, 2022 via an IPO.
About Achyut Healthcare Limited
Incorporated in 1996, Achyut Healthcare is a trading company for pharmaceuticals. The company offers health care services through innovation and technology, with a focus on APIs, pharmaceutical goods, and medical equipment. The company has a market cap of Rs 131.24 crore. It has a ROE of 2.53% and ROCE 3.29% respectively. The company has shown amazing profit growth of 147.92% and revenue growth 127.67%. Promoters hold 46.11% of the stake in this company which is the majority of the shareholding.
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