Promoters Bought 1,13,250 Shares: Stock Hit Upper Circuit as Board is Likely to Announce Bonus Shares & Dividend
The stock is up by 49.3 per cent from its 52-week low of Rs 69 per share.
On Tuesday, shares of Alkosign Limited hit a 5 per cent upper circuit to Rs 102.90 per share from its previous closing of Rs 98 per share. The stock is up by 49.3 per cent from its 52-week low of Rs 69 per share. The shares of the company saw a spurt in volume by more than 2 times on the BSE.
A meeting of the Board of Directors of Alkosign Limited is scheduled for May 30, 2025. The key agenda items for this meeting include considering and approving the Standalone and Consolidated Audited Financial Results for the financial year ended March 31, 2025. Additionally, the board will discuss and potentially recommend a Final dividend for FY 2024-25 and address the issuance of bonus Equity Shares for the company. Any other matters may also be addressed with the chairman's permission.
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Alkosign Ltd, established in 2020, is a prominent manufacturer of visual presentation systems and hard luggage. The company specialises in producing high-quality writing boards, display boards, notice boards, and their accompanying accessories and stands. Additionally, Alkosign offers durable school benches, desks, and educational accessories. In the realm of travel, the company provides premium PC luggage designed to cater to the needs of international travellers and business professionals. With a state-of-the-art manufacturing facility in Mumbai, Alkosign's hard luggage division excels in OEM solutions, offering custom manufacturing services for brands and seasonal collections, boasting a monthly production capacity of 30,000 units.
The company has a market cap of Rs 73 crore and promoters bought 1,13,250 shares & increased their stake to 41.89 per cent in March 2025 compared to March 2024. In Q3FY25, the company reported net sales of Rs 11.19 crore and net profit of Rs 0.94 crore and in FY24, the company reported net sales of Rs 35.69 crore and net profit of Rs 0.78 crore.
Disclaimer: The article is for informational purposes only and not investment advice.