170 per cent returns from its 52-week low; Board announces bonus shares!

The stock gave multibagger returns of over 170 per cent from its 52-week low of Rs 56.35 per share.

Dhyaani Tile and Marblez informed that the Board of Directors of the company has considered and approved the issue of 9 bonus shares for every 5 equity shares held by the equity shareholders of the company as of the record date. The company shall intimate the 'Record Date' in due course of time for determining eligible shareholders entitled to receive bonus shares, in compliance with regulatory requirements.

As of March 31, 2023, there is a balance of Rs 2,74,31,000 in reserves and surplus accounts.

Incorporated in 2014, Dhyaani Tile and Marblez Ltd is in the business of trading commodities, vitrified tiles, ceramic items, security investment and trading. The company has its warehouse and physical store in Ahmedabad where its tile products are traded. The company has a market cap of Rs 23.3 per share.

After rising nearly 135 per cent over the period of 3 months, shares of Dhyaani Tile and Marblez Ltd are undergoing a correction and have hit the lower circuit for the second straight day. On Friday, shares of Dhyaani Tile and Marblez Ltd plunged 5 per cent to Rs 22.45 per share from its previous closing of Rs 23.60. The 52-week high of the stock is Rs 193.75 and the 52-week low of Rs 56.35.

The stock gave multibagger returns of over 170 per cent from its 52-week low of Rs 56.35 per share. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.