Share of a small company Shubham Polyspin is rocketing even in a weak market. The company’s share rose 20 percent to Rs 32.95 on Wednesday.
Share of Shubham Polyspin is on the upper circuit for the second consecutive day. On Tuesday, the company’s share closed at Rs 27.46 with an upper circuit of 20 percent.
The company’s share has jumped more than 43 percent in 5 days. The 52-week high of Shubham Polyspin share is Rs 42.66. Then the 52-week low of the company share is 16.51.
79% Jump In The Company’s Shares In 3 Months
Shubham Polyspin’s share has jumped 79 percent in the last 3 months. The company’s share was at Rs 18.41 on June 5, 2024. The share of Shubham Polyspin reached Rs 32.95 on 4 September 2024.
In the last month, the share of Shubham Polyspin has seen a rise of about 50 percent. The company’s share has increased from Rs 22.03 to Rs 32.95 during this period.
In the last 5 days, the share of Shubham Polyspin has gained more than 43 percent. The company’s share was Rs 23.01 on 29 August 2024, which reached Rs 32.95 on 4 September 2024.
The company has distributed bonus shares twice
Shubham Polyspin has distributed bonus shares twice in the last 4 years. The company also offered bonuses in October 2020, in a ratio of 1:1.
That is, the company has distributed 1 bonus share for every 1 share. Shubham Polyspin gave bonus shares at a ratio of 1:10 in September 2022.
This means, the company provided one bonus share every 10 shares. The promoters’ stake in the company is 72.78 percent.
At the same time, public shareholding is 27.22 percent. The market cap of Shubham Polyspin has reached around Rs 40 crore.
Quick Fact
| Company name | Shubham Polyspin |
|---|---|
| Share rise in 5 days | 43% |
| Share price rise on 4 September 2024 | ₹32.95 |
| Share price on 29 August 2024 | ₹23.01 |
| Share price rise in 1 month | 50% |
| Share price on 5 June 2024 | ₹18.41 |
| Share price rise in 3 months | 79% |
| Bonus distribution in October 2020 | 1:1 |
| Bonus distribution in September 2022 | 1:10 |
| Promoter’s share | 72% |
| Public shareholding | 27% |
| Market cap | ₹40 crore |
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