Hardwyn India, a small-cap company specializing in architectural hardware and glass fittings, gained attention on January 20 after being included in the President of India's portfolio during the December quarter.
As per the latest shareholding pattern, the President of India now holds 22,68,924 shares of Hardwyn India, representing a 0.46% stake. This marks a significant development as the President did not have any stake in the company during the previous quarter.
Retail Investors Show Growing Interest
Retail investors predominantly own the stock. During the December quarter, 58,325 retail investors collectively held an 8.10% stake in the company, up from 35,789 investors holding a 4.78% stake in the September quarter.
Stock Performance
On January 20, 11:28 Hardwyn India's share price increased by 4.24% to ₹18.90 on the BSE. However, the stock has experienced a steep decline over the past year, down 40.5%, with losses of 12% over six months, 33% over three months, and 9% in the past month.
Bonus Share Allotments
Hardwyn India has consistently rewarded its investors with bonus share allotments:
- In December 2024, it issued bonus shares in a 2:5 ratio.
- In June 2023, it issued bonus shares in a 1:3 ratio.
- In July 2022, it issued bonus shares in a 1:2 ratio.
This marks the third consecutive bonus allotment since 2022, reflecting the company's commitment to shareholder value.
Conclusion
The inclusion of Hardwyn India in the President of India's portfolio and its consistent rewards for investors are key drivers for renewed market interest. Despite recent stock price declines, its growing retail investor base.
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