with market valuation of 19.02 Cr, 7NR Retail Limited is a Small-cap company that operates in the Consumer Discretionary Industry. The company is primarily engaged in the branding and sale of readymade garments, suiting, shirting, fabric and other textile products. In its wholesale and retail segments, the company is mainly engaged in the business of apparels. The record date for the shareholder’s eligibility for the 1:1 rights issue is set by the company’s board of directors.
The company in a regulatory filing said that “in accordance with Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements), 2015, the company has fixed Tuesday, August 23, 2022, as the record date for ascertaining the eligibility The shareholders are entitled to issue 1 (one) fully paid-up equity share of the Company with a face value of Rs.1/- (Rupee One only) for every 1 (one) equity share held by an eligible existing equity shareholder in the Company On the basis of rights (rights issue).”
Shares of 7NR Retail Ltd closed on Friday: 1.63 each, up 0.62% from previous close 1.62. The total traded shares stood at 3,88,174 on Friday. In the past 1 year, the share price has increased by 0.81 per share at the current price level on 23 August 2021 which entails a multibagger return of 101.23%. On a YTD basis, this penny stock has fallen 7.91% so far in 2022. In the last 6 months, the stock has fallen by 7.39% and in the last 1 month has also fallen by 6.32%. On BSE, the stock had touched a 52-week high 52-week low of 2.93 on 28/04/2022 0.76 on 21/09/2021 which indicates that at current market price 1.63 shares are trading 44% below 52-week high and 114% up from 52-week low. The company has a promoter shareholding of 27.23% and a public shareholding of 72.77% for the quarter ended June 2022.
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