Shares of Ducon Infratechnologies Ltd continued to surge for the second consecutive session after the issue of bonus shares as it was trading higher by over 10%. 30 ep on BSE in Tuesday’s opening deals. The stock became ex-bonus on Monday, a day before its record date of April 19, 2022, for a bonus issue of equity shares in the ratio of 1:10.
The Board of Ducon Infratechnologies in its meeting held on 25th February, 2022 considered and approved the Bonus Issue of Equity Shares in the ratio of 1:10. bonus share Fully paid-up additional shares issued by a company to its existing shareholders.
“The Board recommended bonus issue of equity shares in the ratio of 1 (one) equity share of Rs 1/- for every 10 (ten) equity shares of Rs 1/- for every 10 (ten) equity shares of Rs 1/- held by the shareholders of the company as per records. date, subject to the approval of the shareholders through postal ballot,” the company had informed in an exchange filing.
multibagger stock There has been an increase of over 300% over a period of one year, while there has been an increase of 120% in the last six months alone. Shares of Ducon Infra have gained nearly 30% so far in 2022 (year-to-date or YTD), while the benchmark BSE Sensex is down over 4%.
Ducon Infratechnologies is a fossil fuel technology company and has diversified technologies and provides solutions in infrastructure, FGD systems and materials management sectors. In the infrastructure sector, Ducon provides FGD systems in thermal power plants, bulk material handling systems for alumina, fly ash handling systems and electrification projects.