Worth Investment & Trading Co Ltd has recently seen its share price rise by 0.90%, closing at ₹34.64. The company has announced a bonus share issue, with a record date set for November 14, 2024. Under this plan, shareholders will receive additional shares in a 1.5:1 ratio, meaning that for every 2 shares they own, they will receive 3 bonus shares.
The stock has delivered impressive returns, soaring 167% in 2024 alone and an astounding 317% over the past year. Today, Worth Investment shares opened at ₹34.90, reaching a high of ₹35.87 and a low of ₹33.21 during trading.
Over the past two years, the stock has increased by 687%, and it has provided remarkable returns of 1518% over the last five years. Despite a recent decline of 11% in the past two weeks, the company’s market capitalization stands at ₹513.67 crore, with a 52-week high of ₹48.55 and a low of ₹7.59 per share. The stock’s PE ratio is notably high at 346.40, while its return on equity (ROE) is 0.70.
Bonus shares are additional shares given to existing shareholders at no extra cost, based on their current holdings. This approach allows the company to distribute its accumulated earnings without paying out dividends, effectively converting retained earnings into new shares to enhance liquidity and signify confidence in future growth.
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Disclaimer: This information is for educational purposes only and should not be considered as financial advice. Please conduct your own research or consult with a financial advisor before making investment decisions. Past performance is not indicative of future results.
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