The company distributed 5 bonus shares
Business Business: The share price of the small company Syncom Formations (India) Limited has increased significantly. On Wednesday, the shares of Syncom Formulations rose more than 9 percent to Rs 17.85. The price of shares of this company reached Rs 18.54 in intraday trade. The share price of this company has increased by more than 2200% in the last five years. The highest share price of Syncom Formulations in the last 52 weeks was Rs 18.65. At the same time, the 52-week low of the company is Rs 7.56.
The share price of Syncom Formations has increased by 2220% in the last five years. The share price of this small stock was 77 paise on August 23, 2019. On August 21, 2024, the shares of Syncom Formations reached Rs 17.85. In the last four years, the share price of Syncom Formulations has increased by 887%. The share price of this company was Rs 1.81 on August 21, 2020. The shares of Syncom Formulations reached Rs 17.85 on August 21, 2024. The market value of this company reached Rs 1678 crore.
Syncom Formulations provided bonus shares to investors. Since August 2013, the company has been offering bonus shares to investors at a ratio of 5:2. In other words, the company distributed 5 bonus shares for every 2 shares held. The share price of this small stock has risen by more than 112% in the last year. During this period, the share price of the company increased from Rs 8.39 to Rs 17. In the last five months, the share price of Syncom Formulations has increased by more than 61%.
