With a market capitalization of Rs. 37.22 Crore, Akee India Limited is a small-cap company dealing in the Consumer Discretionary Goods and Services (CDGS) industry. The company manufactures horse covers, leather shoes, leather bags, belts and finished leather for use in equestrian activities. The Company has today announced Bonus Shares and for the purpose of the same, the Board of the Company has fixed 20th July 2022 as the record date.
The company said in a BSE filing that “in accordance with Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements), 2015, the Board of Directors has fixed Wednesday, July 20, 2022, as the record date for ascertaining the eligibility The number of shareholders entitled to issue bonus equity shares of the company in the ratio of 3 (three) equity shares of Rs. 10/- each to existing equity shares of Rs. 10 (ten) Rs. 10/- each.”
out of stock 12.10 Up to the current market price as on July 27, 2021 36.15 during the previous year represents a multiple-bagger return of 198.76 per cent. The stock has gained 39.04 percent year-on-year (YTD) so far in 2022 and 16.61 percent in the past six months. The stock had a 52-week high 52.90 on June 23, 2022, and its 52-week low of . was 12.10 on July 27, 2021, which means that it is now trading 31.66 percent below its 52-week high and 198.76 percent above its 52-week low. The promoter holding of the company stood at 73.00 per cent for the quarter ended March 2022, the highest level since December 2018. The company’s ROCE and ROE, both of which have been increasing continuously in the last two years, are 10.98 and 11.70 per cent. percent, respectively. At the current market price, the shares are selling at a high PB of 2.64 per cent, the book value per share the company has. 13.66. The stock is trading higher than the 30-day, 50-day and 100-day simple moving averages (SMAs) at the current market price, but lower than the 5-day, 10-day and 20-day moving averages (SMAs) .