SANWARIA AGRO OILS
We had recommended Sanwaria Agro Oils in volume no. 33, issue no. 31 (dated May 22, 2017) when the scrip was trading at Rs 14.09. Our recommendation was backed by factors such as strong financial performance in FY17 and growing demand in global markets. The board of directors had recommended bonus issue in the ratio of 1:1 and the record date fixed for the same is July 4, 2017. Also, the company has declared interim dividend of 5 percent or Rs 0.05 per equity share. The financial performance of the company has been strong and we expect it to continue going forward. We recommend our investors to HOLD the scrip and avail the bonus and dividend.