Multibagger small-cap stock jumps as Board is likely to announce bonus shares for the second straight year!
DSIJ Intelligence-1Categories: Bonus and Spilt Shares, Multibaggers, Trending
The stock is up by 44 per cent from its 52-week low of Rs 338.30 per share and has given multibagger returns of over 1,350 per cent in 5 years.
Today, shares of Sandur Manganese & Iron Ores Ltd jumped 3.90 per share from its previous closing of Rs 468.15 per share to Rs 486.40 per share. The stock’s 52-week high is Rs 570.05 per share and its 52-week low is Rs 338.30. The shares of the company saw a spurt in volume by more than 2.50 times on BSE.
A Board of Directors meeting is scheduled for Friday, August 8, 2025, at 12:30 P.M. to consider a proposal for issuing bonus Shares to the company's equity shareholders. This marks the second consecutive year the company is considering a bonus issue, reflecting consistent efforts to reward shareholders.
Earlier, the shares of the company ex-traded bonus shares in the ratio of 5:1, i.e., 5 new fully paid-up equity shares of Rs 10 each for every 1 existing fully paid-up equity share of Rs 10 each held by the eligible equity shareholders of the company as on the record date. The ex-date for bonus shares was Friday, February 02, 2024.
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The Sandur Manganese & Iron Ores Limited (SMIORE), established in 1954 as the flagship entity of the Karnataka-based Sandur Group, is a prominent Indian company primarily engaged in the mining of low-phosphorus manganese and iron ore within the Hosapete Ballari region of Karnataka. Beyond its core mining operations, SMIORE diversifies its activities through the manufacturing of ferro-alloys, specifically silico-manganese and ferro-manganese, alongside coke production at its Vyasankare plant near Hospet. Notably, SMIORE holds a significant position as the 3rd largest manganese ore miner in India.
The company has a market cap of over Rs 7,700 crore and a 5-year stock price CAGR of 70 per cent. The shares of the company have a PE of 17x, an ROE of 20 per cent and a ROCE of 22 per cent. The stock is up by 44 per cent from its 52-week low of Rs 338.30 per share and has given multibagger returns of over 1,350 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.