Bonus Share Announcement: 400% Return—FIIs Bought Heavily, Now a Gift of Bonus Shares!
The buzz around Garware Technical Fibres Ltd. is creating waves in the stock market. Known for its robust fundamentals and innovative product line, the company has announced an exciting 400% bonus share issuance, much to the delight of its shareholders.
FIIs’ Growing Confidence in Garware Technical Fibres
Promoters currently hold a commanding 53% stake in the company. What’s even more noteworthy is the steady accumulation by foreign institutional investors (FIIs) over the past year. Here’s a snapshot of their growing stake:
September 2023: 8.58%
December 2023: 8.77%
March 2024: 9.34%
June 2024: 9.55%
September 2024: 9.82%
This gradual increase reflects FIIs’ strong faith in the company’s future prospects.
About Garware Technical Fibres Ltd.
Founded in 1976, Garware Technical Fibres Ltd. is a pioneer in technical textiles, catering to over 75 countries globally. The company specializes in a wide range of products, including:
Aquaculture cage nets
Fishing nets
Sports nets
Safety nets
Agricultural nets
Coated fabrics
Polymer ropes
Geosynthetics
The company’s innovation-driven approach and superior product quality have cemented its position as a leader in the technical textiles sector.
The Stock Split That Turned Heads
Adding to the excitement, Jai Balaji Industries has announced its maiden stock split in a 5:1 ratio. The face value of shares will reduce from ₹10 to ₹2, enhancing liquidity and making the stock more accessible to retail investors. Interestingly, this BSE 500 company has delivered an astounding 2262% return in just two years, showcasing its tremendous growth potential.
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Key Takeaway for Investors:
With FIIs ramping up their stake and a 400% bonus share on the horizon, Garware Technical Fibres Ltd. offers a compelling opportunity for long-term wealth creation. Additionally, Jai Balaji Industries’ stock split is a strategic move to broaden its investor base, making it a stock to watch.
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