A penny stock trading below Rs. 5 has caught investor attention as it rallied 4% after announcing a generous bonus issue. The latest corporate action, which offers 3 new shares for every 5 held, aims to reward existing shareholders, with the record date set for mid-January 2025.
Share Price Movement
The share price of Mayukh Dealtrade Limited reached an intraday high of 3.86 percent to Rs. 2.15 per share on Thursday, an increase from its previous close of Rs. 2.07 per share. The market capitalisation now stands at approximately Rs. 25.44 crore as of January 02, 2025.
Share Price Surge: Why?
On December 31, Mayukh Dealtrade announced that its shareholders approved the issuance of bonus shares in a 3:5 ratio, meaning shareholders will receive 3 new fully paid-up equity shares for every 5 existing ones, and has set January 17, 2025, as the record date to determine eligible shareholders.
This company, engaged in portfolio management, clarified that bonus shares are extra shares given at no cost and do not affect the company’s market value; the share price adjusts according to the bonus ratio, which helps boost stock liquidity.
Financial Highlights
According to its recent filing, in the quarter ending September 2024, Mayukh Dealtrade’s consolidated revenue from operations has increased by 239.13 percent YOY from Rs. 0.46 crore in Q2 FY24 to Rs. 1.56 crore in Q2 FY25 and increased by 122.85 percent QoQ from Rs. 0.70 crore in Q4 FY24.
The company’s consolidated net profit has increased 129.62 percent YoY from Rs. 0.27 crore in Q2 FY24 to Rs. 0.62 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has increased by 82.35 percent QoQ from Rs. 0.34 crore.
Market Outlook
India’s fragrance and camphor markets are on promising growth paths. The fragrance sector thrives on rising disposable incomes and demand for personalised, natural products, projected to reach $336.20 million by 2028.
The camphor market benefits from diverse applications in religious, pharmaceutical, and agricultural domains, with synthetic camphor dominating due to affordability. However, India relies heavily on imports, emphasising the need for local production. Both sectors highlight customisation, inclusivity, and product diversification as key trends shaping future growth.
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Shareholding Pattern
As of the September 2024 shareholding pattern, Mayukh Dealtrade Limited is primarily held by the promoters at 3.11 percent and the public at 96.88 percent.
About Company
Mayukh Dealtrade Limited, based in Kandivali West, Mumbai, started in 1980 as a saree trading company and has since diversified to manufacturing and exporting products like electric and wooden Kapoor Dani, aroma diffusers, decorative lamps, and steam vaporizers. Led by CEO Mit Tarun Brahmbhatt, the firm, with its 26-50 employees, is known for its high-quality and affordable goods.
Their popular products include camphor tablets, cones, and decorative table lamps, which appeal to all age groups. Mayukh Dealtrade uses its strong wholesaler and retailer networks to reach a wider market and focuses on sustainability. The company is committed to expanding its product range and enhancing its market presence while maintaining its quality legacy.
Disclaimer: This stock is classified as a penny stock, characterised by low trading volumes. Investing in penny stocks carries higher risks, including limited liquidity, potential price volatility, and difficulty in executing trades. Conduct thorough research before investing.
Written By Fazal Ul Vahab C H
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