Capital Trade Links Ltd., a small-cap Non-Banking Financial Company (NBFC), has announced a 1:1 bonus share issue. This means shareholders will receive one additional equity share for every existing share they hold. The company’s stock is currently priced at ₹40.18.
Key Details:
- Bonus Issue Ratio: 1:1 (One bonus equity share for each existing share)
- Total Securities to be Issued: 6,43,80,000 equity shares of ₹1 each
- Record Date: To be determined; shareholders as of this date will be eligible for the bonus shares
- Crediting/Dispatch Date: Bonus shares are expected to be credited or dispatched by April 7, 2025, subject to necessary approvals
This move aims to enhance the liquidity of Capital Trade Links’ shares and make them more accessible to a broader range of investors. The bonus issue is pending approval from shareholders and relevant regulatory authorities.
Financial Performance:
In the quarter ending December 2024, Capital Trade Links reported:
- Net Profit: ₹2.22 crore, a decrease from ₹5.61 crore in the same quarter the previous year
- Sales: ₹6.43 crore, down from ₹11.88 crore year-over-year
These figures indicate a decline in both profit and sales compared to the previous year.
Stock Performance:
- 52-Week High: ₹65.64 on July 16, 2024
- 52-Week Low: ₹32.51 on April 6, 2024
As of February 7, 2025, the stock closed at ₹40.18, reflecting a 0.83% increase from the previous close.
Analyst Insights:
Market analysts suggest caution, noting that the stock faces strong resistance at ₹46.50. A daily close below the support level of ₹35.90 could lead to a target of ₹27 in the near term.
Conclusion:
Investors should monitor Capital Trade Links’ performance and regulatory announcements closely. While the bonus share issue may enhance liquidity, it’s essential to consider the company’s recent financial performance and market conditions before making investment decisions.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investors are advised to conduct their own research and consult with a financial advisor before making investment decisions.
