Garments and apparels company SBC Exports has announced bonus shares along with its Q3 FY25 results. This step of the company is a big surprise for those investors who have kept faith in it for a long time. This time the company is giving bonus shares in the ratio of 1:2. Meaning, if you have 2 shares, you will get 1 additional share absolutely free. However, the company has not announced the record date for this.
Bonus details
Total Bonus Shares: 15.87 crore shares
Required free reserve: ₹15.87 crore
Available Free Reserve: ₹18.58 crore (as on 30 September 2024)
The company says that the bonus shares will be credited to your demat account by March 24, 2025, after the record date.
stock performance
On Friday, shares of SBC Exports closed at ₹23.65 on BSE, registering a rise of 4%. Although, it has given negative returns in the last few weeks, but for the investors who are holding it for a long time, it is no less than a jackpot.
What is history?
Returns in 2 years: 128%
Returns in 3 years: 335%
Returns in 5 years: 1974%
Trading at just under ₹30, this stock has made its investors rich in the long run.