Mount Everest Trading & Investment Bonus Issue Approved (3:1)
Mount Everest Trading & Investment was locked at 5% upper limit at Rs 568.75 at 9:27 IST on BSE, after the company’s board approved bonus issue in the ratio of 3:1.
The company made this announcement after market hours on Wednesday, 3 February 2010. This is a maiden bonus from Mount Everest Trading & Investment. The current price of Rs 568.75 discounts the company’s Q2 September 2009 annualized EPS of Rs 53.04, by a PE multiple of 10.72.
Mount Everest Trading & Investment reported net profit of Rs 1.83 crore in Q2 September 2009 compared to net loss of Rs 1.94 crore in Q2 September 2008. Total income jumped 725% to Rs 0.99 crore in Q2 September 2009 over Q2 September 2008.
The company is engaged in providing financial services.
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Comments
Hi Rohit, usually the record date is fixed later than the approval meeting. This company had approval on 4th Feb but they announced the record date yesterday, the news is posted here for your reference: http://www.stockmarketindia.net/record-date-mounteverest-trading-investment-bonus-issue/ - The record date may not matter much if you want to buy and gain profit because by the time you buy keeping record date in mind, the stock completes it’s run so it’s important to watch for bonus issue announcement news instead.
wht is the record date of bonus,this must be clear.
so thataccording we can buy andgain profit