Kenvi Jewels board approved bonus share and stock split investors cheers

Kenvi Jewels board approved bonus share and stock split investors cheers

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Stock Split: Good news has come for the investors. Kenvi Jewels Ltd has announced bonus shares as well as stock split. The shares of the company, which is preparing to distribute the bonus, hit the upper circuit of 5 percent on Friday. Let us tell you, the market cap of Kenvi Jewels is Rs 59.48 crore.

In the information given to the stock market, Kenvi Jewels Ltd has said, “The face value shares of Rs 10 will be divided into 10 parts. After which the face value of a share will come down to Re 1. Along with this, the company has also decided to give 1 bonus share for every 4 shares held.

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Shares of Kenvi Jewels Ltd hit upper circuit on Friday. After which the price of one share of the company increased to the level of Rs 58.83. During the last 3 years, there has been a rise of 352.54 percent in the share prices of the company. At the same time, investors who have placed bets on the shares of Kenvi Jewels Ltd 5 years ago have got a return of 530.55 percent. Let us tell you, in the year 2023, the performance of Kenvi Jewels Ltd. has been good so far. During this period the stock price has increased by 44.90 percent.

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Kenvi Jewels Ltd’s 52 week high in the stock market is Rs 58.83 per share. Whereas, the 52 week low is Rs 20.20 per share. The promoters’ holding in the company stood at 65.10 per cent. And the public’s stake is 34.90 percent.


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