Monarch Networth Capital is in the spotlight today, September 13, 2024, as its shares begin trading ex-bonus in a 1:1 ratio. This means that for every share currently held, shareholders will receive one additional bonus share.
The company had announced the bonus issue on September 2, 2024, and set the record date for the bonus shares as September 13, 2024. This decision followed approval from shareholders at an Extraordinary General Meeting on August 22, 2024.
Since the announcement of the bonus issue, Monarch Networth Capital’s share price has increased by 16.6%. The stock has been on an upward trend since July 2024, rising nearly 76% since July 12, 2024.
In July 2024, the company also declared a final dividend of ₹1 per equity share of ₹10. The record date for this dividend was August 2, 2024. Additionally, Monarch Networth Capital announced strategic financing in July, enhancing its financial standing.
Monarch Networth Capital is recognized as a multibagger stock, having delivered impressive returns. Year-to-date, its share price has surged by 110%, and over the past year, it has increased by 184%. Over the last five years, the stock has skyrocketed approximately 432%, from ₹172 to ₹919 per share on the NSE.
This strong performance highlights Monarch Networth Capital as a notable example of exceptional growth in the Indian stock market.
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