Sky Gold Limited is an Indian firm that focuses on the design, production, and sale of gold and silver jewellery. Founded in 2008, the company meets a variety of customer tastes with its extensive range of products, which features necklaces, rings, pendants, bracelets, earrings, and bangles.
Sky Gold Ltd. recently announced a 9:1 bonus issue on October 26, 2024, and has now set the record date for this bonus. According to an exchange filing, the company has established December 16, 2024, as the record date. Shareholders who own shares of Sky Gold on or before this date will be entitled to receive 9 additional shares for every 1 share they currently hold. Currently, Sky Gold shares have a face value of ₹10 each.
This is the second time since 2022 that the company has distributed bonus shares to its shareholders, having previously issued 1 free share for each share held. Sky Gold’s shares currently boast a market capitalisation exceeding ₹5,600 crore.
However, the shares are currently classified under Stage 4 of the Additional Surveillance Measures (ASM) framework. Stocks in ASM Stage 4 must have each trade settled individually without netting against other trades, require a full upfront margin, and have a price fluctuation limit of 5% in either direction.
Sky Gold Ltd. has demonstrated outstanding financial results for the second quarter of the fiscal year 2024-2025. Revenue soared by 98.71% compared to the same period last year, reaching ₹788.60 crore, while also experiencing an 8.88% rise from the previous quarter.
The company’s net profit skyrocketed by an impressive 404.95% year-on-year to ₹36.71 crore, showing a strong quarterly increase of 72.92%. Additionally, net profit margins significantly improved, increasing by 154.12% year-on-year to 4.66% and displaying a robust 58.81% growth over the last quarter.
Sky Gold share price traded at ₹4,003.15 per share and hit the upper circuit in intraday trading today. The stock has gained 231% over the last 12 months.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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