Amazing opportunity: 1000 shares of this company will become 100000, you will become rich


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Alstone Textiles Bonus Share : The stock of microcap textile player Alstone Textiles (India) has been touching the upper circuit continuously for the past several months. Now it has announced the sub-division (stock split) of equity shares. Along with this, it has also announced one of the biggest bonus issue in the Indian stock market. The board of the company announced a bonus share issue in the ratio of 9:1 and a stock split in the ratio of 1:10. The board of the company has approved both the things. Know the rest of the details further.

how many free shares will you get
The above information means that every eligible shareholder will receive 10 equity shares of face value of Re 1 for each share held on the prescribed record date. At present the face value (base value) of its share is Rs.10. After a stock split, each share of Rs 10 will be divided into 10 shares of face value of Rs 1 each. The company has also announced the issue of 9 bonus shares (ex-gratia) for each share of face value of Re 1.

1 lakh shares of 1000 shares
This means that an eligible shareholder will have 100 shares for one share. His one share will be divided into 10 pieces and on 10 shares, 90 shares will be given free as bonus. With this, 1000 shares will become 1 lakh shares. December 3, 2022 has been fixed for the record date by the company.

1000 shares of this company will become 100000, become rich

Share has made rich
The stock of Alstone Textiles was listed in August this year. Since then it has steadily climbed up. It was listed on 24th August. Since then it has given a return of 1395.24 per cent. That is, Rs 1 lakh of its investors has been made Rs 14.95 lakh. At the same time, its share has been 164.61 percent in the last 1 month. That is, Rs 1 lakh of investors has become Rs 2.64 lakh.

4 day return
The stock has given a return of 26.61 per cent in the last trading week. Last week, there was only 4 trading days in the stock market. It gave a return of 26.61 per cent by touching the upper circuit continuously in 4 days. The market capital of the company is Rs 300.22 crore. This share is currently at Rs 235.50. This has been its peak for 52 weeks. Its 52 week low is Rs.15.

1000 shares of this company will become 100000, become rich

Know the profile of the company
Earlier it was known as Shalini Holdings. This is a 37 year old company. Alstone Textiles is a debt free company engaged in the business of trading and investment in textiles. Debt free company means that it has no debt. It is a small-cap company. It posted a net profit of Rs 8 crore in the September 2022 quarter, down from Rs 1 crore in the June 2022 quarter. Alstone Textiles (India) Limited is listed on the Bombay Stock Exchange Limited (BSE) and the Ahmedabad Stock Exchange Limited (ASE). It is a company with innovative approaches to both traditional and emerging markets.

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english summary

Amazing opportunity 1000 shares of this company will become 100000 you will become rich

An eligible shareholder will have 100 shares of one share. His one share will be divided into 10 pieces and on 10 shares, 90 shares will be given free as bonus. With this, 1000 shares will become 1 lakh shares.

Story first published: Saturday, November 12, 2022, 13:20 [IST]





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