Milkfood Ltd Share Price: Investors have pounced on the shares of Milkfood Limited, a leading fast-moving consumer goods (FMCG) company. On Thursday, the fourth day of the week, this stock hit an upper circuit of 20%. This rise has come at a time when the company said that it may consider declaring an interim dividend and bonus issue soon. The company will hold its board meeting on June 25.
share status
The previous closing of the share of Milkfood Limited was Rs 565.75. The stock rose 20 percent to Rs 678.90 during trading on Thursday. This is the closing price of the share. The share price was at a low of Rs 490 in March 2024. This is the 52-week low of the stock.
What did the company say
Milkfood Ltd said in a regulatory filing to the stock exchanges- ‘We inform you that a meeting of the board of directors of the company will be held on Tuesday, June 25, 2024, to consider, inter alia, a number of matters .
1. Proposal for payment of interim dividend on equity shares of the company.
2. Bonus issue is proposed. This will be subject to necessary regulatory/statutory approvals, including approval of the shareholders of the company.
3. It is proposed to split the equity shares of the company with face value ₹10/- and matters relating thereto.
Details of shareholding pattern
Talking about the shareholding pattern of Milkfood Limited, the promoter holds 47.75 percent stake. Public shareholders hold 52.25 percent stake. Company promoter Karamjit Jaiswal holds 17,00,024 shares or 33.15 percent stake. Whereas Roshni Jaiswal holds 13.65 percent stake. This is equivalent to 7,00,060 shares.
Company’s quarterly results: Talking about the net sales of Milkfood Limited, it was Rs 121.69 crore in the March quarter. This is 8.81% less than the March 2023 quarter. Net profit in the March quarter stood at Rs 3.88 crore. The Ebitda of the company is Rs 10.64 crore.
