Shares of SAL Automotive jumped 3.47% in Friday’s session to trade at ₹652.00, gaining ₹21.85 from the previous close of ₹630.15. The stock spiked after the company announced that it has fixed April 3, 2025, as the record date for its 1:1 bonus share issue.
The deemed date of allotment is April 4, 2025, and the bonus shares will be made available for trading on April 7, 2025, as per the T+2 settlement cycle. This bonus issue aims to reward shareholders and improve liquidity in the counter.
As of the latest update, SAL Automotive’s market capitalization stood at ₹1.56 billion with a P/E ratio of 29.07. The stock moved in a range of ₹622.00 to ₹683.00 during the session and has touched a 52-week high of ₹884.40.
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