1. Ruby Mills announces a bonus number
Pursuant to Securities and Exchange Board of India Regulation 30 (Registration and Disclosure Requirements), 2015 (“Registration Regulations”), Ruby’s Board of Directors at its meeting held today, is to say. On August 10, 2022, among other things, reviewed, approved and recommended the issuance of Free Equity Shares in a ratio of 1:1, ie. 1 (one) bonus share of Rs. 5/- each for 1 (one) fully paid share held on the record date, i.e. September 19, 2022, by Ruby shareholders.
2. Outlook for Ruby Mills shares
The current market price of the share is Rs 485 each. The stock gained 4.45% shortly after the company announced plans to issue bonus shares. The 52-week high of the stock is at Rs 500 each and the 52-week low is at 231 each.
multibagger returns: The title gave a return of 29% in 1 month, 23% in 3 months, 72% in 1 year, 213% in 3 years and 60% in 5 years.
3. About Ruby Mills Ltd
Built on the solid foundation of technical expertise, impeccable product quality and non-negotiable business ethics, Ruby Mills has been the hallmark of textile innovation in India since 1917. It seeks to promote sustainable fibers and develops a variety of new fabrics in close collaboration with fiber manufacturers.
He looks forward to collaborating with brands and designers who share his vision and concern for the planet and enable them to create sustainable products with his line of innovative fabrics, according to his official website. The small cap company has a market capitalization of Rs 832 crore.