An Indian company called Sky Gold Limited is dedicated to designing, making, and selling jewelry made of gold and silver. With its wide selection of necklaces, rings, pendants, bracelets, earrings, and bangles, the company, which was founded in 2008, caters to a wide spectrum of consumer preferences.
Sky Gold Bonus Issue
Bonus shares will be issued by Sky Gold in a 9:1 ratio, meaning that for every fully paid existing equity share, there will be 9 (9) new bonus equity shares at Rs. 10 each. December 16 has been set by the corporation as the record date for identifying stockholders who qualify for incentive payments. The business has disclosed that it intends to issue 13,38,91,929 equity shares as bonus shares, totaling approximately Rs. 1,33,89,19,290.
Sky Gold wants to complete bonus distribution no later than two months after the Board’s approval date, which is December 24, 2024, at the latest. With VST Industries’ 10:1 bonus issue being the biggest of 2024, the 9:1 bonus issue is the second-largest issue by a publicly traded business.
Sky Gold Share Price
The NSE saw a 5% increase in Sky Gold stock during the day, reaching Rs 465.30 a share. As of 1:27 p.m., it was stuck in the upper circuit, and the benchmark Nifty 50 was down 0.52%. It has increased 356.83% so far this year and 320.31% over the past 12 months. 69.78 was the relative strength index. Bloomberg data shows that the one analyst following the stock has a “buy” rating. The consensus 12-month analyst target price for the company is Rs 450, which indicates a 3.3% decline.
Sky Gold Q2 FY25 Results
The second quarter of the fiscal year 2024–2025 has seen Sky Gold Ltd. exhibit exceptional financial results. Revenue reached ₹788.60 crore, in a 98.71% increase over the same period last year and an 8.88% increase over the preceding quarter. The company’s net profit increased by a robust 72.92% in the quarter and soared by an astounding 404.95% year over year to ₹36.71 crore. Net profit margins also dramatically improved, rising 154.12% year over year to 4.66% and showing a strong 58.81% gain in the most recent quarter.
