Sharanam Infraproject and Trading share: Last Friday (27 December), penny share Sharanam Infraproject and Trading Limited was in focus. The shares of this company rose by 9.28 percent on Friday. Due to this rise, the shares reached the price of Rs 1.06 on BSE.

The company is going to launch a rights issue. The record date for the rights issue has been fixed as December 31, 2024. The company will launch 48,00,09,600 equity shares in the rights issue. Under this, the company will distribute 4 shares for every share.

The market cap of
Sharanam Infraproject and Trading Limited is Rs 12 crore. Its 52 week high is Rs 1.36 and 52 week low is Rs 0.47 on BSE. The market cap of the company is Rs 12 crore.

Sharanam Infraproject and Trading Limited Share Price History
If we look at the performance of the shares of Sharanam Infraproject and Trading Limited, it has gained 34.18 percent in the last one week. It has gained 34.18 percent in the last one month. It has gained 41.33 percent in the last 3 months. It has gained 41.33 percent in the last one year. These shares have given a return of 1.92 percent in 3 years.

What is a rights issue?
It is worth noting that listed companies bring rights issue to raise capital. Under this, only the existing shareholders of the companies will be able to buy additional shares at a discount. Shares are purchased in a fixed ratio. This ratio is decided by the company.