Active Stocks
Thu Mar 28 2024 13:59:22
  1. Tata Steel share price
  2. 155.60 1.80%
  1. HDFC Bank share price
  2. 1,454.10 0.93%
  1. Power Grid Corporation Of India share price
  2. 277.55 2.40%
  1. ITC share price
  2. 430.95 0.69%
  1. State Bank Of India share price
  2. 755.20 2.88%
Business News/ Markets / Stock Markets/  Board of AMC company fixes new record date for 2:3 bonus shares
BackBack

Board of AMC company fixes new record date for 2:3 bonus shares

With a market valuation of ₹19.68 Cr, Escorp Asset Management Ltd. is a small cap company that operates in the financial services sector.

On Friday, the shares of Escorp AMC closed at ₹29.50 apiece, up by 19.92% from the previous close of ₹24.60 on the BSE. (REUTERS)Premium
On Friday, the shares of Escorp AMC closed at 29.50 apiece, up by 19.92% from the previous close of 24.60 on the BSE. (REUTERS)

With a market valuation of 19.68 Cr, Escorp Asset Management Ltd. is a small cap company that operates in the financial services sector. The company is a subsidiary of Aryaman Financial Services Limited, the Aryaman Group's flagship firm. The Aryaman Group is a participant in the financial services industry with operations in equity investments, corporate advisory, stock broking, and money markets. The company's Board of Directors had previously set September 5, 2022, as the record date for the purpose of the 2:3 bonus shares, but on Friday the company revised this to September 6, 2022.

The Board of Escorp AMC said on 26th August 2022 in a stock exchange filing that “In compliance with Regulation 42(2) & (3) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, this is to inform you that the Company has fixed September 06, 2022 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the proportion of 2:3 i.e 2 (two) fully paid up equity shares for every 3(three) existing fully paid up equity share held, as approved by shareholders at the Annual General Meeting held today (i.e August 26, 2022)."

On Friday, the shares of Escorp AMC closed at 29.50 apiece, up by 19.92% from the previous close of 24.60 on the BSE. In the last 5 years, the stock has given a return of 96% and in the last 3 years, the stock has gained over 80%. In the last 1 year, the stock has gained 63%. On the BSE, the stock had touched a 52-week-high of 29.50 on (02/08/2022) and a 52-week-low of 16.50 on (18/08/2021) indicating that at the current share price of 29.50, the stock is trading 78.78% above the low. The stock has a book value per share of 51.14 which indicates that at the current market price the stock is trading 0.57 times its book value. At a price to book value (P/B) of 0.57, the stock can be considered undervalued relative to its peers such as Muthoot Finance, HDFC AMC, Bajaj Holdings, SBI Cards, Bajaj Finserv, Bajaj Finance and Cholamandalam Investment & Finance Company Ltd.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

ABOUT THE AUTHOR
Vipul Das
Vipul Das is a Digital Business Content Producer at Livemint. He previously worked for Goodreturns.in (OneIndia News) and has over 5 years of expertise in the finance and business sector. Stocks, mutual funds, personal finance, tax, and banking are among his specialties, and he is a professional in industry research and business reporting. He received his bachelor's degree from Dr. CV Raman University and also have completed Diploma in Journalism and Mass Communication (DJMC).
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 27 Aug 2022, 06:59 PM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie