Madhusudan Kela’s portfolio stock hit 52-week high as Board announces 1:1 bonus share & 1:2 stock split; Jhunjhunwala’s won’t benefit from this corporate action!

Today, the stock market was trading flat with the Sensex & Nifty-50 indices up 0.38 per cent each. The BSE Mid-Cap Index was up 0.56 per cent and the BSE Small-Cap Index was up 0.58 per cent. As the Dalal Street was trading in green, one stock was trading in the green, up 2.04 per cent and hit a 52-week high of Rs 1,450 per share from its previous closing of Rs 1,420.95 per share.

Before unveiling the small-cap stock that's been making waves in the gaming industry. While some of you might already know its name, let's first explore why this stock has captured so much attention.

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The Board of Directors of the company plans to increase its authorised share capital from Rs 50 crore to Rs 80 crore, necessitating an amendment to its Memorandum of Association. Additionally, the company will undertake a stock split, subdividing each equity share with a face value of Rs 4 into two equity shares of Rs 2 each. Following this, bonus shares will be issued in a 1:1 ratio (one bonus share for every existing share). These bonus shares will be funded from the securities premium account and capital redemption reserve as of March 31, 2025. The entire process, including the share split and bonus share issuance, is expected to be completed on or before October 10, 2025, with bonus shares credited or dispatched within two months of Board approval.

Additionally, an ace investor, Madhusudan Kela, holds 10,96,305 shares and a 1.18 per cent stake in the company. Furthermore, Rekha Jhunjhunwala (wife of Late Rakesh Jhunjhunwala) won’t benefit from bonus shares & stock split because between March 2025 and June 2025, the Jhunjhunwala’s sold their entire 7.06 per cent stake in the company.

The stock name is Nazara Technologies Ltd

About the Company

Nazara Technologies is a prominent Indian gaming and sports media platform with a global presence, offering interactive gaming, esports and gamified early learning. They own popular IPs like WCC, CarromClash, Kiddopia, Nodwin, Sportskeeda, Halaplay and Qunami and were early pioneers in Indian esports and cricket simulation. Their diversified portfolio spans emerging and developed markets like Africa and North America.

Nazara Technologies Ltd has a market cap of over Rs 13,000 crore and has delivered a good profit growth of 97.1 per cent CAGR over the last 5 years. The stock is up by 73.6 per cent from its 52-week low of Rs 835.30 per share.

Disclaimer: The article is for informational purposes only and not investment advice.