Bonus Share in October 2022 : Before Diwali, small cap company Syn Bags Limited has given a big gift to its investors. This company announced to give bonus shares on 22 October 2022. The company has announced to give 2 bonus shares for every 1 share to its eligible investors.
See what the company said
Let us tell you that in the information given to BSE, the company said that the decision of giving bonus shares has been approved in the board meeting of the company. Investors will be given 2 shares as a bonus on a share with a face value of Rs 10. No record date has been announced by this company yet. It is to be known that the company will pay the bonus shares to the investors on or before December 21, 2022. That is, the record can also be declared soon.
How was the company’s performance?
During the last 5 years, Syn Bags Limited Company has given excellent returns to the investors. Shares of Syn Bags closed at Rs 304.80, up 4.85 percent compared to its previous closing. During this, the company’s share prices have seen a jump of 571.37 percent. Also, the company’s stock has gained 606 percent in 3 years. Last 1 year has proved to be good for investors. During this, the company’s shares have seen a jump of 100.07 percent. So far in the year 2022, the share price of Syn Bags Limited has increased by 13.77 percent. Promoters have 58.66 percent stake in the company.
what does the company do
It is known that Syn Bags company produces and exports FIBC, Big Bag and Food Grade FIBC. The headquarter of the company is in Indore district of Madhya Pradesh. At the same time, the company’s presence in the UK, Belgium, Hungary, Senegal, Thailand, Ireland, Denmark, USA, Denmark, Australia, USA, Spain has made its presence in the market of many countries right.
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