Cool Caps announces record date for stock split & bonus share
Cool Caps Industries, a leading manufacturer of plastic caps for beverages, has made a significant announcement that is likely to delight its shareholders. The company’s board of directors has recommended a 1:5 stock split, which will reduce the face value of the shares from ₹10 to ₹2, and a 1:1 bonus share issue, also with a face value of ₹2. The record date for this split and bonus issue has been set at July 4, 2025.
Cool Caps Industries has been on a roll in recent times, with its stock price having given over 150% multibagger returns from its 52-week low. The company’s market capitalization has crossed the ₹900 crore mark, and its return on equity (ROE) stands at a healthy 26%.
The stock split and bonus issue are expected to make the company’s shares more affordable and attractive to investors, particularly retail investors who may have been deterred by the high face value of the shares. The split and bonus issue will also increase the number of outstanding shares, which may lead to increased liquidity and trading volumes in the stock.
Cool Caps Industries has been a consistent performer in the past, with its stock price having given impressive returns to investors. The company’s financial performance has been strong, with its net profit having grown by over 20% year-on-year in the latest quarter. The company’s revenue has also seen significant growth, driven by increased demand for its products from the beverage industry.
The company’s management has attributed its strong financial performance to its focus on innovation and cost control. Cool Caps Industries has invested heavily in research and development, which has enabled it to develop new and innovative products that meet the evolving needs of its customers. The company has also implemented various cost-saving initiatives, which have helped it to improve its margins and increase its profitability.
The stock split and bonus issue are expected to be a significant milestone for Cool Caps Industries, and are likely to be cheered by investors. The company’s shares have been trading at a premium to its peers, and the split and bonus issue may help to narrow the gap. The increased liquidity and trading volumes resulting from the split and bonus issue may also lead to increased institutional interest in the stock, which could drive its price even higher.
In conclusion, Cool Caps Industries’ announcement of a 1:5 stock split and 1:1 bonus share issue is likely to be a welcome development for its shareholders. The company’s strong financial performance and innovative products have made it a consistent performer in the past, and the split and bonus issue are expected to make its shares even more attractive to investors.
