Shares of Sakuma Exports, a small company in the trading and distribution industry, surged by 20 percent on Friday, reaching Rs 7.76.
The company’s shares were trading on the record date for bonus shares.
Sakuma Exports has seen a 52-week high of Rs 7.83 and a 52-week low of Rs 2.97.
The company’s market capitalization has now crossed Rs 1,216 crore.
Bonus Shares for Investors
Sakuma Exports rewarded its investors with bonus shares, offering 4 bonus shares for every 1 share they own.
The shares were trading on the record date of Friday, August 9, 2024.
Recently, the board of Sakuma Exports approved raising up to Rs 500 crore through Qualified Institutional Placement (QIP).
The company is active in importing and exporting goods across various regions, including America, Asia, Africa, Europe, Australia, and the Middle East.
Business Overview of Sakuma Exports
Sakuma Exports Limited is a prominent player in buying, processing, marketing, exporting, and importing products like sugar, edible oil, oil seeds, pulses, cotton, and specialty crops.
The company is involved in international trade of agro commodities, petrochemicals, petroleum, minerals, renewable energy, and supply chain management.
In the March quarter of the last financial year, Sakuma Exports saw its profit grow by 157 percent year-on-year, though its revenue declined by 50.19 percent.
The company’s promoters hold a 46.29 percent stake, while the public owns 53.71 percent. Notably, there was a significant change in shareholdings in the June 2024 quarter.
