SG Mart hit 52-week high on board nod to bonus share issue, stock split

The stock has gained 1,600 percent in the past nine months and 2,350 percent over the year

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SG Mart share price touched 52-week high of Rs 10,715.20 in the early trade on January 9 after the company’s board approved a bonus share issue and sub-division of equity shares.

At 9.34 am, SG MART was quoting at Rs 10,715.20, up Rs 210.10, or 2 percent, on the BSE.

On January 8, the board approved a 1:10 split of the company’s equity shares – one share having a face value of Rs 10 to be divided into 10 shares of rupee 1 each– subject to the approval of shareholders

The board also approved issuance of bonus shares to the shareholders in the ratio of 1:1 — one share for every one equity held.

The record date for the split and bonus issue shall be intimated to the stock exchange in due course, the company said.

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The share price has gained 1,600 percent in the past nine months and 2,350 percent in the one year.

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