Smallcap stock jumps 9% after it declares 1:1 bonus issue; Announces ₹ 300 Cr fund raise
29 Jul 2024
Trade Brains
The share price of this small-cap stock broker surged around 9 percent to an intraday high of Rs 665.30 apiece from its previous close after announcing a fund raise of Rs 300 crores and also approving a bonus equity share in the ratio of 1:1.
Share price movement
The stocks of Monarch Networth Capital Limited has generated a return of 91 percent over the past year and a return of 16 percent over the last 6 months. With the market capitalization of the firm standing at Rs 2,211 crores, the shares of Monarch Limited closed at Rs 635 per share.
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Smallcap stock jumps 9% after it declares 1:1 bonus issue; Announces ₹ 300 Cr fund raise
29 Jul 2024
Trade Brains

