Cool Caps announces record date for stock split & bonus share
In a recent development, Cool Caps Industries, a leading manufacturer of plastic caps for beverages, has announced a record date for its stock split and bonus share issue. The company’s board of directors has recommended a 1:5 stock split, where the face value of the shares will be reduced from ₹10 to ₹2. Additionally, the company will issue a 1:1 bonus share, with a face value of ₹2. The record date for both the stock split and bonus issue has been set as July 4, 2025.
This announcement has sent shockwaves in the market, with the stock price of Cool Caps Industries surging significantly. The company’s market capitalization has crossed the ₹900 crore mark, and its return on equity (ROE) stands at a whopping 26%. Moreover, the stock has given multibagger returns of over 150% from its 52-week low.
Cool Caps Industries is a well-established company in the plastic caps manufacturing sector, with a strong presence in the beverage industry. The company’s products are used by some of the leading beverage companies in the country, and its quality and reliability have earned it a reputation for excellence.
The stock split and bonus issue are expected to benefit the company’s shareholders in several ways. Firstly, the stock split will make the shares more affordable and accessible to a larger number of investors. This is likely to increase the liquidity of the stock and attract more investors to the company. Secondly, the bonus issue will increase the number of shares outstanding, which will lead to a reduction in the company’s earnings per share (EPS) and price-to-earnings (P/E) ratio. This could make the stock more attractive to value investors who are looking for undervalued stocks.
The bonus issue is also expected to increase the company’s cash reserves and reduce its debt levels. This will give the company more financial flexibility to invest in new projects and initiatives, and to expand its operations.
The announcement of the record date for the stock split and bonus issue has been made by the company through a regulatory filing with the stock exchanges. The exact dates for the stock split and bonus issue have not been specified, but it is expected that the company will make an announcement in this regard in the coming days.
In conclusion, the announcement of the record date for the stock split and bonus issue by Cool Caps Industries is a significant development that is likely to benefit the company’s shareholders. The company’s strong financial performance and its reputation for quality and reliability make it an attractive investment opportunity for investors. The stock split and bonus issue are expected to increase the liquidity of the stock and make it more attractive to value investors. As the company’s financial performance continues to improve, it is likely that its stock price will continue to rise, making it an attractive investment opportunity for investors.
