Trading up 88% from 52-week low, aluminum stock announces 1:2 bonus shares

with a market valuation of 228 Crore, Hardwin India is a Small-cap company dealing in Aluminum Industry. With a worldwide presence spanning over 50 years, Hardwin Manufacturer of Door Closers, Floor Springs, Glass Patch Fittings, Point Fixed Architectural Fittings, Shower Enclosure Fittings, Shower Hinges, Plastic Profiles, Mortise Handles & Locks, Spider Fittings, Shower Sliding Systems Is. , Motion Gate Series, Automatic & Shower Doors, Stainless Steel Railings & Balustrades, Premium Range of Brass & Zinc Handles, Cylindrical Locks, Furniture Locks, Telescopic Channels, Electronic Safes, Bathroom Accessories and Aluminum Profiles. The Company has declared Bonus Shares in the ratio of 1:2 and the Company has announced the record date for the same today.

The Company has said in a BSE exchange filing that “It is informed that in accordance with Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) 2015, this is to inform that the Company has fixed Friday, 22™ 4th July, 2022 “Record date” for the purpose of ensuring the entitlement of shareholders to issue fully paid-up bonus shares in the ratio of 1:2. 10/- as on the record date mentioned above), subject to the approval of each of the shareholders.

Shares rose 2.31 per cent and closed on NSE 225.95 from its previous closing today The stock’s year-to-date (YTD) growth since 220.85 120 on April 12, 2022, results in a return of 88.29 percent to current levels. The stock has fallen 8.65 per cent in the last six months and 3.23 per cent in the last five trading days. at the current price of 225.95, the stock is trading up 88.29 per cent from its 52-week low and 16.63 per cent below its 52-week high on NSE, where it hit a 52-week high. 271.059 on June 9, 2022 and 52-week low 120.00 respectively on 12 April 2022. The stock is trading above the 100-day and 200-day moving averages but below the five-day, twenty-day and fifty-day moving averages at the current market price.

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