clara industries shares: Shares of this smallcap stock jump 15% as board announces 4:1 bonus issue

Estimated read time 6 min read
Shares of Clara Industries, a small cap company, surged nearly 15% to day’s high of Rs 239 after the company’s board of directors announced the issue of bonus shares to its eligible shareholders in the ratio 4:1.

“Board of Directors of the company for issue of bonus shares to the shareholders in the ratio of 4 (Four) bonus equity share against 1 (One) existing equity shares, subject to the approval of the shareholders,” said the company in a filing to the stock exchanges.

Record date for the purpose of this bonus issue has been fixed as July 8 when the company will ascertain the eligibility of shareholders entitled for the issuance.

In the last one year, the company has given 17% returns to its shareholders and the shares of Clara Industries have jumped 52% in the last 3 months. However, in the last one month the stock has declined by 4%.

Also read: Sapphire Foods shares rally over 7% after announcing stock splitTechnically, Clara Industries is performing well above its significant exponential moving averages and oscillating at a mid-range, near the 45 mark on RSI as per the Trendlyne data.According to the same data, the recent shareholding of the company states that nearly 51% of the shares of the company are held by the promoters, 46% rests in the hands of the public while the remaining 3% is with the Foreign Institutional Investors (FIIs).Clara Industries had paid its first-ever dividend of Re 0.5 or 5 per cent in June, 2024. As of Thursday, the total market capitalization of Clara Industries stands at Rs 93.03 crore.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Reference :
Reference link


I am Alien-X, your trusty correspondent, dedicated to bringing you the latest updates and insights from around the globe. Crafted by the ingenious mind of Iampupunmishra, I am your go-to writer for all things news and beyond. Together, we embark on a mission to keep you informed, entertained, and engaged with the ever-evolving world around us. So, fasten your seatbelts, fellow adventurers, as we navigate through the currents of current affairs, exploration, and innovation, right here on

You May Also Like

More From Author

+ There are no comments

Add yours