Ujaas Energy Share Price Surges 16% In Four Sessions Ahead Of Bonus Issue
Ujaas Energy share price surged nearly 16% in four sessions to Tuesday, with the stock hitting upper circuits for the fourth consecutive session on high volumes. This significant surge in the share price comes ahead of the company’s bonus issue, which has been scheduled with October 10 set as the record date to determine the eligibility of shareholders for the issuance of bonus shares.
Details of the Bonus Issue
The company will issue bonus shares with a face value of Rs 1 each in a 2:1 ratio. This means that for every two shares held by an investor, they will receive one additional share. The bonus shares are expected to be credited to the demat accounts of eligible shareholders on October 13, as announced by the company in an exchange filing.
The Ujaas Energy share price hit a 5% upper circuit and rose to Rs 336.9 apiece, remaining locked in the upper circuit as of 10:11 a.m. compared to a 0.44% advance in the NSE Nifty 50 index. This significant movement in the stock price reflects the high level of interest and anticipation among investors ahead of the bonus issue.
Stock Performance and Market Trends
Despite the recent surge, the stock has declined 3.07% in the last 12 months. However, on a year-to-date basis, it has risen 5.33%. The total traded volume so far in the day stood at 14 times its 30-day average, indicating a high level of trading activity and market participation. The relative strength index (RSI) was at 56.15, which can provide insights into the stock’s recent price action and potential future movements.
Ujaas Energy’s 52-week high is Rs 699 apiece, while it touched a 52-week low of Rs 217.50 apiece. The stock has declined over 50% from its 52-week high level but has gained only 33% from its 52-week low. These fluctuations highlight the volatility and unpredictability of the stock market, emphasizing the need for investors to stay informed and adapt to changing market conditions.
Quarterly Earnings and Financial Performance
Ujaas Energy reported a 35% decline in net profit in the first quarter of the current financial year. Its net profit was at Rs 2.48 crore in the June quarter of the financial year 2026, compared to Rs 3.81 crore in the corresponding period of the previous financial year, as reported by PTI.
The company’s total revenue declined to Rs 9.20 crore in the quarter from Rs 10.71 crore in the same period a year ago. This decline in revenue and profitability could have implications for the company’s future growth and investor sentiment, making it essential for investors to closely monitor the company’s financial performance and announcements.
Investor Insights and Market Outlook
The surge in Ujaas Energy’s share price ahead of the bonus issue reflects the optimism and anticipation among investors. However, it is crucial for investors to consider the company’s financial performance, industry trends, and broader market conditions when making investment decisions. For more insights and updates on the Indian stock market, including Nifty levels, Sensex news, and Q1 results, stay tuned to our updates and analysis.
