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Starlineps Bonus: After 50% Decline, Jewelry Company Announces 5 Stock Bonus for 1 Share

पोस्ट को फेसबुक, ट्विटर या पिंटरेस्ट पर शेयर करने के 20-20 प्वाइंट

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Starlineps Bonus: Starlineps Enterprises, a leading company in the diamond and jewelry business, recently recorded a decline of over 50%. However, to win back investors’ confidence, the company has announced a bonus of 5 stocks for every 1 share held. Additionally, Starlineps is a debt-free company and has shown impressive profit and revenue growth over the past three years. The ex-date and record date for the bonus stocks have been set for 25th September 2024, giving investors a good opportunity.

Highlights:

व्हाट्सप्प चैनल या व्हाटप्प ग्रुप में दिए गए कूपन कोड को डालें -

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  • Starlineps Enterprises Ltd operates in the diamond and jewelry business.
  • The company’s stock has seen a sharp 50% decline.
  • The company announced a 5-for-1 stock bonus for investors.
  • Starlineps is completely debt-free.
  • The ex-date and record date for the bonus are set for 25th September 2024.

Starlineps Bonus

Starlineps Enterprises: Company Overview

Starlineps Enterprises Ltd was established on April 26, 2011, under the name “Lava C Dairy Ltd” in Dadra and Nagar Haveli, Gujarat. On September 16, 2015, the company was renamed “Starlineps Enterprises Ltd.” It specializes in the wholesale and manufacturing of diamonds and jewelry. The majority of its business operations are based in Surat, which is known as one of the key diamond and jewelry hubs of India.

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Reason for the 50% Decline

Starlineps Enterprises’ 52-week high stands at ₹185.80, while its 52-week low is ₹83.15. The company reached its all-time high in August 2024, but since then, it has witnessed a decline of over 50%. The main reason for this drop is the reduction in promoter holdings. In June 2023, the promoters held a 55.86% stake in the company, which dropped to 26.89% by June 2024, leading to a sharp decline in investor confidence and a consequent fall in the stock price.

Key DetailsInformation
Company NameStarlineps Enterprises Ltd
Establishment YearApril 26, 2011
Core BusinessDiamond and Jewelry Manufacturing
52-week High₹185.80
52-week Low₹83.15
Promoters’ Holding (June 2023)55.86%
Promoters’ Holding (June 2024)26.89%

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Announcement of 5-for-1 Stock Bonus

To regain investor trust and boost confidence, the company has announced a 5-for-1 stock bonus. This means for every 1 share held, investors will receive 5 bonus stocks. This is particularly beneficial for investors, especially given that Starlineps has shown a profit growth of 130.46% and revenue growth of 17.13% over the last three years. The company’s bonus stock announcement reflects its strong potential to deliver solid returns in the future.

Starlineps: A Debt-Free Company

One of the strongest financial aspects of Starlineps Enterprises is that it is a debt-free company. Being debt-free provides financial stability and flexibility, making the company more appealing to investors, especially when it offers benefits like bonus stocks.

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Ex-Date and Record Date

The ex-date and record date for the bonus stocks have been set for September 25, 2024. The ex-date is the cutoff date to be eligible for the bonus, while the record date is the date when the company officially notes the shareholders eligible for the bonus.

FAQ (Frequently Asked Questions)

In which sector does Starlineps Enterprises operate?

Starlineps Enterprises operates in the diamond and jewelry manufacturing and wholesaling sector, primarily in Surat.

Why did Starlineps stock fall so significantly?

The major reason for the fall in Starlineps stock is the reduction in promoter holdings. In June 2023, the promoters held 55.86%, which dropped to 26.89% in June 2024.

What is the bonus stock announcement by Starlineps?

Starlineps has announced a 5-for-1 stock bonus, meaning investors will receive 5 bonus stocks for every 1 share held.

When are the ex-date and record date for Starlineps bonus stock?

The ex-date and record date for the bonus stock are both set for 25th September 2024.

What has been Starlineps’ growth over the last 3 years?

Starlineps has recorded a profit growth of 130.46% and a revenue growth of 17.13% over the last three years.


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पोस्ट को फेसबुक, ट्विटर या पिंटरेस्ट पर शेयर करने के 20-20 प्वाइंट

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