Hind Rectifiers Sets Record Date For Bonus Shares

Hindi Rectifiers will issue bonus shares in the ratio 1:1. Earlier, in February, the company announced plans to issue bonus equity shares. They will use amounts from the Securities Premium Account (free reserves) available on 31 March, 2025.

Later, the company stated that shareholder eligibility for payment will be based on shareholding as of the record date, which is 27 March. At 11:33 am, the Hind Rectifiers shares were trading at ₹725.5 on the National Stock Exchange (NSE).

What Supports The Momentum?

The company reported a net profit of ₹13 crore for the December quarter, up 30% year-on-year. Revenue from operations rose to ₹277 crore, a growth of over 64% on a year-on-year basis.

The stock has also performed well in recent periods. It rose by roughly 6% in the past week and by over 13% in the past month. Over the years, it has shown excellent performance, increasing by more than 68% a year and almost 686% in three years.

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Emphasis Going Ahead

Industry watchers feel that as the stock goes ex-bonus, it may be subject to a price adjustment. Greater liquidity can attract more participants, especially retail investors. In the future, the emphasis will primarily be on earnings growth, order inflows, and margins. A consistent financial performance can help the stock maintain an uptrend in the coming days.

Source:

The Economic Times