The company announced a special bonus share issue just ahead of Diwali, which is very well-known in the diamond and jewelry industry. In this Diwali, the bonus share offer will be made 9-for-1. For every share, they will give investors nine extra shares. The offer would be really good for Diwali Muhurat trading as it happens to be very auspicious.
About Sky Gold
BSE and NSE list the stocks of Sky Gold Limited. BSE: 541967 and NSE: SKYGOLD are the respective stock symbols. It has created a niche in the market for diamonds and jewelry within India. The company earned a good name in products and on the stock markets. As Diwali is around the corner, the new bonus offer from Sky Gold will surely gain the attention of investors.
Bonus Share Offer Details
Sky Gold is one of the largest bonus offers in the market at present. Here is what it means:
- Bonus Ratio: 9:1; that is, nine bonus shares for every one held
- Announcement Date: There is no date on which announcement has been made, but it comes during Diwali, which is a good time to invest.
This is the offer that helps the shareholders get their shares multiplied without expending any more money on it. This 9-for-1 ratio expands the holding very considerably which can be of much interest, particularly during the festival seasons.
Bonus Shares Issued earlier by Sky Gold:
Sky Gold has issued bonus offers in the past. The last bonus share offer was issued by the company in 2022 at a ratio of 1:1. This means that for every one share held, shareholders received an extra one share. Bonus information issued in 2022 includes:
- Date of announcement: 20 July 2022
- Bonus ratio: 1:1
- Record date: 3 September 2022
- Ex-bonus date: 1 September 2022
This bonus history shows that Sky Gold is eager to reward its investors. Investors holding shares since the last bonus have, therefore, enjoyed both appreciation in stock and increased holdings.
Market Performance Today
As of October 24, 2024, the share price of Sky Gold is as follows:
- BSE Price: ₹3,401.10
- NSE Price: ₹3,444.50
Some of the key trading information on BSE:
- Open Price: ₹3,513.40
- Bid Price: ₹3,535.00
- Offer Price: ₹3,566.00
Sky Gold’s market cap is around ₹1,500 crores, and the 52-week high and low range from around ₹4,000 to ₹2,500. This displays some volatility but also a good performance.
Why This 9-for-1 Bonus is So Alluring
Sky Gold’s 9-for-1 bonus is especially alluring for several reasons:
- Increased shares: Investors can hold so many more shares without added cost.
- More liquidity: The increase in shares might make it easier to trade.
- Festive Timing: Diwali is the ideal time to start a new investment.
Invest or Don’t Invest?
Sky Gold Big Bonus Share Offer is again the right time during the Diwali Muhurat trading. Sky Gold’s previous track record, routine market appearance, and pledge towards its shareholder recompensation make this equity an investment opportunity for an investor. This bonus could help increase your investment while you step into Samvat 2081, which is the Hindu New Financial Year.
Disclaimer: Investments in the stock market are always risky. This article is purely for information purposes. Before investing, it is advisable to consult a financial advisor.
Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.
