This CDGS stock issues 1:1 bonus shares, shares hit 52-week high

Small-cap firm Sky Gold Limited operates in the Consumer Discretionary Goods and Services (CDGS) industry and has a market valuation of 136.98 Cr. Since 2008, Sky Gold Limited is in the business of manufacturing, manufacturing and distributing gold jewellery. The firm specializes in jewelery made mostly of 22 carat gold and offers a wide range of designs.

On Monday, the company, in a stock exchange filing, said that “This is in addition to our above referenced letter in which the company has informed that the shareholders have decided to issue bonus shares in the ratio of 1:1 by way of general resolution through postal ballot. 1 (a) equity share of face value of Rs.10/- each for every 1 (a) equity share having face value of Rs.10/- each held by the shareholders of the company. In this regard, Please note that in accordance with Regulation 42 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, it is hereby notified that Friday, 2nd September 2022 has been fixed as the record date for the purpose of determining those shareholders Which will be eligible for allotment of bonus equity shares.

Shares of Sky Gold Limited on BSE today closed at Rs. 255.00 per share, up 2.25% from the previous close of Rs. 249.40. The company’s shares hit a 52-week high on BSE yesterday 271.60 on the announcement of issue of bonus shares. Shares hit 52-week low 180.00 on November 22, 2021. This means that at the current market price of the stock, it is trading 41.66% below its 52-week high which was reached on August 22, 2022. The stock has gained 41.04% over the past five years. and 34.60% over the previous year. The stock has gained 27.50% YTD so far in 2022. The stock has climbed 6.25% over the past six months and 6.23% in the past month. The stock has gained 2.41% during the last 5 trading days. 4,800 shares, or a value of Rs. Today the total volume of the share was traded at 12.24 lakhs.

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