2 bonus share stock split strong dec quarter result Star Housing Finance Limited shareholders double return – Business News India

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2 bonus share stock split strong dec quarter result Star Housing Finance Limited shareholders double return – Business News India

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Bonus share & Stock Split: Shares of small-cap housing finance company Star Housing Finance Limited have given strong returns to its investors. There is also the contribution of a bonus and stock split. Here, Star Housing Finance Limited presented strong results for the third quarter of FY23 on Tuesday. The rural housing finance company reported 545 per cent year-on-year (YOY) growth in PAT for the nine months ended December 31, 2022. The total income of the company, including interest income and other income, increased by 80 percent. The company’s shares are trading at Rs 51.55 today, up 1.18 per cent on Wednesday.

Star Housing Finance Bonus and Stock Split History
On December 16, 2022, the shares of Star Housing Finance traded ex-bonus subject to issue of 1:1 bonus shares to its eligible shareholders. The Company on the Bonus Shares Record Date issued one bonus share for every one held by its shareholders. Similarly, on December 16, 2022, the shares of Star Housing Finance traded in the ratio of 1:2 stock split. Shares of Star Housing Finance traded ex-bonus in March 2017, before December 2022. On March 7, 2017, the shares of Star Housing Finance traded ex-bonus to issue bonus shares in the ratio of 1:1. Hence, the small-cap stock has given 1:1 bonus shares twice in the last six years.

This share will fall 59% to ₹85, the company launched Dhansu scheme, experts said – buy shares

Star Housing Finance share price history
Small-cap housing finance stocks have doubled shareholders’ money in the post-Covid rebound. Shares of Star Housing Finance were available at around ₹25 per share in May 2020, while it closed at ₹50.90 per share on BSE on Tuesday. This gave 100 per cent returns to its long-term investors. The small-cap financial stock is available at a PE multiple of over 72.65 while its ROE (return on equity) is close to 6. The financial company’s 52-week high is ₹60.20 per share while its 52-week low is ₹21.49 per share.

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