Penny stocks in the stock market often attract investors due to their low prices, and Garment Mantra Lifestyle Limited’s stock is currently in the limelight. Recently, this stock has seen a sharp rise, and the company has also announced the issuance of bonus shares. The company is offering a 1:1 ratio of bonus shares, further increasing investors’ interest. With the stock price hike and the company’s future plans, this penny stock has become a hot topic among investors.
Highlights:
व्हाट्सप्प चैनल या व्हाटप्प ग्रुप में दिए गए कूपन कोड को डालें -
You need to log in to redeem a coupon.
- Garment Mantra Lifestyle Limited’s stock rose by 4.91%.
- The company announced a 1:1 bonus share distribution.
- The stock’s 52-week high is ₹4.61, and the 52-week low is ₹2.15.
- The company has expanded its business into Central India.
- Public holding is 69.82%, while promoters hold 30.18%.
| Key Points | Details |
|---|---|
| Market Cap | ₹76.49 crore |
| Share Price | ₹3.81 |
| 52-Week High | ₹4.61 |
| 52-Week Low | ₹2.15 |
| 1-Month Return | 30.48% |
| 1-Year Return | 67.84% |
Table of Contents
Surge in Garment Mantra Lifestyle Shares
Garment Mantra Lifestyle Limited recently announced a bonus share plan for its investors, causing a significant stir in the stock market. The company will issue bonus shares in a 1:1 ratio, meaning that for every share owned, shareholders will receive one additional share. Following this announcement, investor interest in this stock has surged. The record date was initially set for August 23, 2024, but later updated to September 3, 2024, due to a medical emergency involving the promoters.
Stock Price Surge
Garment Mantra Lifestyle Limited’s stock recently registered a 4.91% increase, with its price reaching ₹3.63. This is a significant rise from the previous day’s closing price of ₹3.46. Additionally, the stock has delivered a 30.48% return over the past month, signaling a positive trend for investors.
Also Read: IRFC Share Price Target | IRFC Share Price Could Touch ₹250! Find Out Experts’ Opinions
The stock’s 52-week high is ₹4.61, which it achieved on February 6, 2024, while its 52-week low was ₹2.15 on October 25, 2023. With the current performance and the bonus share announcement, this stock appears quite attractive to investors.
Company Expansion and Future Plans
Garment Mantra Lifestyle Limited has expanded its business operations in Chhattisgarh and Central India. This expansion is expected to strengthen the company’s hold in the domestic market. The company has also launched a new series designed specifically for Indian customers. Earlier known as Junction Fabrics & Apparels Limited, the company has rebranded itself as Garment Mantra Lifestyle Limited, aiming to cater to a broader audience.
Also Read: Ethanol Stocks Expected to Surge, Government Policy Changes to Benefit Sugar Companies
Shareholding Pattern
According to Garment Mantra Lifestyle Limited’s June quarter shareholding pattern, promoters hold 30.18% of the company’s shares, while the public holds a majority share of 69.82%. This high public participation indicates strong investor confidence in the company.
Company Performance
Over the last five years, Garment Mantra Lifestyle Limited has delivered a remarkable 200% return, making it a solid performer. The stock has provided a 67.84% return over the past year and 30.48% over the past month, demonstrating the company’s promising future and potential for further growth.
Also Read: These Green Energy Stocks Turned into a ‘Gold Mine,’ Delivering up to 800% Returns in Just 1 Year!
FAQs
How safe is it to invest in Garment Mantra Lifestyle Limited’s stock?
Garment Mantra Lifestyle Limited has performed well recently, but as a penny stock, it’s important to conduct thorough research before investing.
What are bonus shares, and how do they benefit investors?
Bonus shares are additional shares given to existing shareholders at no extra cost. They increase the number of shares held by investors, thereby potentially increasing their returns.
Will Garment Mantra Lifestyle Limited’s business expansion affect its stock price?
Yes, the company’s expansion is likely to have a positive impact on its stock price as it strengthens its presence in new markets.
What is the 52-week high and low for Garment Mantra Lifestyle Limited?
The company’s 52-week high is ₹4.61, and its 52-week low is ₹2.15.
Has Garment Mantra Lifestyle Limited declared any dividends?
No, the company has not declared any dividends but has announced bonus shares.
