Clara Industries Stock: Shares of this small-cap are up 15% as the board announces a 4-for-1 bonus issuance.

Shares of small firm Clara Industries surged nearly 15 per cent to hit an intra-day high of Rs 239 after the company’s board announced the issuance of bonus shares at a 4:1 ratio to eligible shareholders.

“The board of directors of the company has decided to issue bonus shares to shareholders at the ratio of four bonus shares to one existing share, subject to shareholder approval,” the company said in the filing. On the stock exchange.

The base date for this free capital increase was confirmed to be July 8, when the company confirms the eligibility of shareholders to receive the free capital increase.

Over the past year, the company has delivered a 17% return to shareholders, and Clara Industries’ stock price has surged 52% in the past three months. However, the stock has fallen 4% over the past month.

Also Read: Shares of Sapphire Foods rise more than 7% after announcing stock split. Technically, Clara Industries is performing well above its significant exponential moving average and is oscillating in the mid-range near the 45 point of the RSI, according to Trendlyne data. According to the same, data shows that according to the latest stock holdings of the company, about 51% of the company’s shares are held by the promoters, 46% are held by the general public and the remaining 3% are held by foreign institutional investors (FIIs).Clara Industries paid a dividend of Re 0.5 or 5% for the first time in June 2024. As of Thursday, Clara Industries had a total market capitalization of Rs 93.03 crore.

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