Now Reading: Mold-Tek Tech jumps 3% ahead of bonus share record date
-
01
Mold-Tek Tech jumps 3% ahead of bonus share record date
Mold-Tek Technologies Limited shares surged nearly 3% in intraday trade on Wednesday, 30 September 2026, extending gains for the third consecutive session after the company announced a bonus issue record date. The…
Mold-Tek Technologies Limited shares surged nearly 3% in intraday trade on Wednesday, 30 September 2026, extending gains for the third consecutive session after the company announced a bonus issue record date. The Hyderabad-based engineering services provider will issue bonus equity shares in a 1:1 ratio, meaning one bonus share for every existing share held.
The board has fixed Friday, 9 October 2026 as the record date, investors must own the stock by Thursday, 8 October to qualify. After the issuance, the paid-up equity share capital will rise from Rs 5.76 crore to Rs 11.52 crore. The stock traded at Rs 206.50 on BSE with a market capitalisation of Rs 594.83 crore.
Mold-Tek has delivered a 100% return in six months and a 53% return in three months. The company also contributed to the development of Tesla Inc's Model Y, handling mechanical design and robotic simulation for fixtures such as the floor, dash and rear panel.
Indian Opinion Analysis
The 1:1 bonus issuance increases the company's paid-up capital by about Rs 5.76 crore, effectively doubling the equity base without raising new funds. Shareholders who hold before 9 October will see their share count double, but the stock price will adjust proportionally post-record date, so the net value per shareholder remains unchanged. The 100% return in six months reflects market enthusiasm for the Tesla connection and the bonus announcement, but the stock's two-year return is negative at minus 12%, indicating recent momentum may be short-term. Investors will watch whether the stock holds gains after the ex-bonus date in October.
Source: livemint.com
This brief was synthesised by AI from the source linked above. Methodology and corrections.
