Bonus Alert: After five free shares in 2024, metal stock to consider another proposal on August 8

Bonus Alert: After 5 free shares in 2024, steel inventory to contemplate another proposal on August 8

Smallcap inventory Sandur Manganese & Iron Ores on Tuesday informed the exchanges that its board will meet on Friday, August 8 at 12.30 pm to contemplate a proposal for issue of bonus shares to the fairness shareholders of the corporate. The firm last issued bonus shares within the ratio of 5:1 in February 2024.

The announcement was made today during the market hours and shares of Sandur Manganese & Iron Ores closed at Rs 468.15, gaining 19.25 or 4.3% over the Monday closing worth.

The firm will also declare its quarterly earnings on Friday.

Sandur Manganese is an built-in and diversified commodity producer having a presence for over six-and-a-half in mining. The firm has expanded past mining operations to incorporate the manufacturing of ferroalloys, coke and power, and continues to work in direction of additional downstream enlargement and diversification.

The inventory has been a market laggard, declining over 12% within the past one 12 months, though its beneficial properties in 2025 to this point stand at 13%.
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The firm reported a consolidated web revenue of Rs 156 crore within the quarter ended March 31, down 4.5% versus Rs 164 crore within the 12 months in the past interval. The complete income from operations for Sandur Manganese & Iron Ores within the Q4FY25 quarter stood at Rs 1,330 crore, which is development of 128% YoY.The inventory has traded with high volatility within the last 12 month with a 1-year beta of 1.4 according to Trendlyne data.The inventory is presently buying and selling below its 50-day simple transferring common (SMA) of Rs 473 while remaining above the 200-day SMA of 451.1.

(Disclaimer: Recommendations, solutions, views and opinions given by the specialists are their very own. These don’t signify the views of Economic Times)

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