Bonus Share News: Salasar Techno Engineering Turns Rs 1 Lakh into Rs 22 Lakh in 4 Years, Will Issue Bonus Shares Soon

Bonus Share News: Certain stocks have the potential to yield substantial profits quickly. These stocks can, however, occasionally be riskier. Salasar Techno Engineering's stock is a good option to watch if you're searching for a profitable stock to invest in. This stock has gained almost 80 percent just in the previous month. The company's shares saw a significant increase last Thursday of 9.32%, closing at Rs 120.19.

Bonus Share Announcement

Bonus shares for shareholders have been announced by Salasar Techno Engineering's board. In accordance with this, stockholders will get bonus shares in a 4:1 ratio. This implies that for every one share, stockholders will receive a bonus of four shares. The record date for determining a shareholder's eligibility has been set by the corporation at February 1.

Capital Expansion Proposal

The board of Salasar Techno Engineering has accepted a plan to raise Rs 806.4 crore through the issuance of equity shares and warrants, the company stated in an exchange filing. However, during the extra-ordinary general meeting (EGM) scheduled for February 19, the proposal will require the consent of the shareholders.

The company has been inundated with numerous sizable orders for distribution lines, substations and transmission lines from government power providers and Indian Railways. The estimated value of these orders is Rs 731.03 crore. Thus, the business has a strong position. The company's order book is always growing because of its experience and performance history. Contracts of around Rs 2,516.43 crore are pending under this.

Month-Over-Month Surge

Salasar Techno Engineering's stock has soared by an astounding 80% in the past month. In addition, it has turned a 135 percent profit during the previous six months. In the past year, the stock has increased by 157%. Investors have received outstanding returns of almost 700 percent over the past three years. In addition, over the previous four years, it has produced a whopping 2075 percent profit.

A single share of the corporation was worth Rs 5.42 in January 2020; today, it is worth Rs 117.85. This indicates that over this time, investors' capital has grown by roughly 22 times. Four years ago, you would have invested Rs 1 lakh in equities, and now you would have Rs 22 lakh.

Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER