1,790 per cent returns in this multibagger stock: This micro-cap stock is set to trade ex-bonus tomorrow; do you own it?
The stock provided multibagger returns of 180 per cent in just 1 year and 1,790 per cent over the span of 3 years.
The stock markets were in a positive mood today, with the benchmark indices Sensex and Nifty trading higher. The Sensex is up by 0.42 per cent at 65,220, while the Nifty is up by 0.42 per cent at 19,390. About 2,054 shares have advanced, 1,483 have declined, and 184 were unchanged on BSE.
Today, shares of Veer Global Infraconstruction Ltd plunged by 3.57 per cent to Rs 243 per share from its previous closing of Rs 252 per share. The stock’s 52-week high is Rs 259, and its 52-week low is Rs 128.69.
Veer Global Infraconstruction Ltd informed that the Board of Directors of the company has approved bonus shares in the ratio of 1:1, i.e., equity shareholders of the company will receive bonus equity shares of the company in the proportion of 1 equity share of Rs 10 each for every 1 existing equity share of Rs 10 each as of the record date. The record date for the bonus issue of shares is tomorrow, August 21, 2023.
Veer Global Infraconstruction Ltd. is a real estate developer primarily focusing on the development of residential projects, mainly in the affordable segment in Maharashtra. The company also has a presence across multiple segments like business and retail properties, integrated townships, commercial plazas and addresses various aspects of the construction business.
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According to the Quarterly Results, the net sales increased by 189 per cent to Rs 8.46 crore, and the net profit increased by 113 per cent to Rs 0.49 crore in Q4FY23 compared to Q3FY23. In FY23, the net sales increased by 46.65 per cent to Rs 11.38 crore, and the net profit increased by 84.61 per cent to Rs 0.72 crore compared to FY22.
The stock provided multibagger returns of 180 per cent in just 1 year and 1,790 per cent over the span of 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.