With a market capitalization of Rs. 37.22 crore, Aki India Ltd. is a small-cap company that operates in the Consumer Discretionary Goods and Services (CDGS) sector. The company manufactures horse covers, leather shoes, leather bags, belts and finished leather for riding activities. The company today announced free shares and to this end the company’s board of directors has set July 20, 2022 as the record date.
The company said in the BSE filing that “pursuant to SEBI Rule 42 (Registration and Disclosure Requirements), 2015, the Board of Directors has fixed Wednesday, July 20, 2022 as the record date, for the purpose of verifying the eligibility of the shareholders entitled to the issuance of bonus capital shares of the company in the proportion of 3 (three) capital shares of Rs. 10/- each for 10 (ten) shares of existing participation of Rs. 10/- each.”
The stock went from ₹12.10 to 27 July 2021 at the current market price of ₹36.15 over the past year, which is a multibagger yield of 198.76%. The stock has gained 39.04% year-to-date (YTD) so far in 2022 and 16.61% in the previous six months. The stock’s 52-week high was ₹52.90 on June 23, 2022, and its 52-week low was ₹12.10 on July 27, 2021, which means it is now trading 31.66% below its 52-week high and 198.76% above its 52-week low. The company’s sponsor stake was 73.00% for the quarter ended March 2022, the highest level since December 2018. The company’s ROCE and ROE, both of which have been steadily increasing over the of the last two years, are 10.98 and 11.70 per hundred, respectively. At the current market price, shares are selling at a high PB of 2.64%, with the company having a book value per share of ₹13.66. The stock trades above the 30-day, 50-day and 100-day simple moving average (SMA) at the current market price, but trades below the 5-day, 10-day and 20-day moving average (SMA) .
