1:1 Bonus Shares: January 03, 2025 Record Date; Buy Now To Unlock Wealth In New Year?

1:1 Bonus Shares: January 03, 2025 Record Date; Buy Now To Unlock Wealth In New Year?

Digital marketing solutions and business process management (BPM) services are provided by Enser Communications, a digital technology firm. Enser Communications Limited was founded in 2008 and provides Business Process Management (BPM) services to businesses in a variety of industries, including e-commerce, education, and insurance. Among Enser’s customers are Reliance Nippon Life Insurance Company, Ola Financial Services, Acko General Insurance, Metis Eduventures, and the National Health Authority. After the business announced the record date for bonus shares, Enser Communications’ shares closed the day Friday 0.25% down at Rs 298 with a market capitalisation of Rs 259.74 Cr.

Enser Communications Bonus Shares Record Date

“In terms of Regulation 42 of the SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015 and pursuant to the shareholders’ approval obtained through Postal Ballot on December 14, 2024 and In-Principle approval under Regulation 28(1) of SEBI LODR, 2015, from National Stock Exchange of India Limited, we wish to inform you that the Board of Directors of the Company has fixed “Friday, January 03, 2025″ as the Record Date to determine the eligibility for the purpose of issue of 87,16,059 Bonus equity shares, fully paid-up, in the ratio of 1:1 to the existing shareholders of company,” said Enser Communications in a regulatory filing.

Enser Communications Financials

Enser recorded a considerable rise from Rs 1815.88 lakhs in H1 FY24 to Rs 3940.25 lakhs in H1 FY25. This indicates a jump of 117% over the previous year. In H1 FY25, the company’s EBITDA increased to Rs 748.02 lakhs, up from Rs 349.36 lakhs at the same time the prior year. This results in a profit gain of 114%. In comparison to the Rs 213.97 lakhs recorded in H1 FY24, Enser’s net profit for H1 FY25 was much greater at Rs 485.33 lakhs. This shows a strong net profit gain of 127%.

Enser Communications Share Price Target

“Enser Communications stock price is bearish on the Daily charts with strong resistance at 311. A Daily close below support of 283 could lead to a target of 244 in the near term,” commented A R Ramachandran, Independent Research Analyst.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.

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