Stock under Rs 20 with bonus alert: Board announces 1 free share for 2 shares held by the shareholder!

Chandra Prabhu International Limited has received approval to issue bonus equity shares in a 1:2 ratio. This means shareholders will receive one new bonus share for every two fully paid-up shares they currently hold. The company's authorised share capital will also be increased to Rs 6 crore, consisting of 3 crore equity shares, each with a face value of Rs 2. The record date for bonus shares will be announced in due course.

Chandra Prabhu International Ltd., incorporated in 1984, is a diversified trading company primarily involved in coal, metal and the agro sector. With a strong presence in coal trading through branches across India, including Bokaro, Chandasi, Kolkata, and Gandhidham, the company also engages in agricultural commodity trading of items such as wheat, rice, spices, and pulses, having recently revitalised this segment with new technologies. Furthermore, CPIL has expanded its operations into the metal trading division and has also ventured into infrastructure projects, showcasing a broad business portfolio.

The company has a market cap of over Rs 30 crore and currently, the stock is trading at under Rs 30 per share. The shares of the company have a 52-week high of Rs 32 per share and its 52-week low of Rs 15.88 per share. The stock is up over 20 per cent from its 52-week low of Rs 15.88s per share.

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