IFL Enterprises share price: Share of IFL Enterprises was in focus during trading yesterday on Tuesday. Share of IFL Enterprises rose 4.84% to an intraday high of Rs 1.30.
There is a major reason for this increase in the value of stocks.
The small-cap company revealed the date for its board meeting that will consider and approve the plan for dividends and bonus shares.
What Message Did The Company Address?
A small-cap company informed the Indian Stock Market Exchange about dividends and bonus shares.
“They want to notify that the next meeting of the Board members of the company is scheduled to take place on July 31, 2024, Wednesday. In this, bonus share and dividend will be considered.”
The market cap of the penny stock is around ₹ 97 crore and its trade volume on BSE is around 6.68 crore.
This microcap company achieved a 52-week peak of Rs 10.67 and an all-time low of Rs 1.04. This stock is accessible for trading on BSE.
Company Business
Let us tell you that IFL Enterprises Limited is a retail textile seller in India. The company sells clothes and other related products.
Additionally, it also offers paper products, such as A / 4 writing coated, copier, and writing paper.
Recently the promoter has bought 12.6 lakh shares from the open market at Rs 1.83 per share.
Other than that the fact that recently IFL Enterprises had announced a rights issue that was priced at Rs 1 for each share.
It was open from May 27, 2024, to June 25, 2024.
Let us tell you that the company is expanding into international agricultural commodities, gemstones, and precious metals business through its Dubai subsidiary.
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