With a market capitalization of 20,622 Cr, EKI Energy Services is a large-cap corporation active in the economy’s commercial services sector. The organization provides solutions on a global scale for issues relating to sustainability, carbon credits, and climate change. To foster the development of low-carbon economies in countries all over the world, this organization offers carbon offset standards, carbon offsetting, renewable energy qualities, carbon footprinting, and neutrality as ecologically responsible services.
The company has given its approval to the distribution of bonus shares at a ratio of 3:1, which indicates that three additional shares will be granted for every existing share that is held. Because of this, the firm has decided that the record date will be July 5, 2022, and the day that the shares will begin trading without the bonus will be July 4, 2022, which is the Monday that comes after the current week. The total number of bonus shares being considered for issuance is 2,06,22,000, which would bring the total cost to around Rs. 20,62,20,000.
According to the information on the share capital, the pre-bonus issue is valued at 6,874,000 Indian rupees, while the post-bonus issue is estimated to be worth 27,4960,000 Indian rupees. According to the information included in the business’s registration with the exchange, the company anticipates that it will credit or issue the bonus shares to the shareholders on or before July 12, 2022.
The share price reached a new high of 7494.30 on the BSE on Friday, marking a 3.50 per cent increase from its previous closing price of 7240.70. Since it was trading at 688.25 on July 2, 2021, the stock’s price has dramatically increased over the past year, resulting in a multi-bagger return of 989.72 per cent or an approximate compound annual growth rate (CAGR) of 990 per cent. The stock’s price has decreased by 0.52 per cent during the past month, contributing to its overall decrease of 0.28 per cent year-to-date (YTD) in 2022. The share price of the company’s stock has advanced by 12.44 per cent over the previous five trading sessions, and over the past two days, it has increased by 4.1 per cent.
On January 24, 2022, the stock listed on the BSE hit its 52-week high price of 12,599.95, while on July 2, 2021, it reached its 52-week low price of 688.25. The stock’s current price is 40.52 per cent lower than its all-time high for the past 52 weeks, but it is 988 per cent higher than its all-time low for the same period. According to the current price, the stock is trading higher than the moving averages for the past 5, 20, and 200 days, but it is changing slower than the moving averages for the past 50 and 100 days. Since June 2021, the promoter shareholding in the company has remained unchanged at 73.47 per cent, while the public shareholding has decreased to 15.30 per cent as of March 2022 from the quarter that ended in December 2021.
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