3,00,00,000 bonus shares allotted by this multibagger penny stock under Rs 10; scrip up by 1,700 per cent!
The stock gave multibagger returns of 680 per cent in 3 years and over 1,700 per cent in 5 years.
Danube Industries Ltd informed that the Board of Directors of the company at its meeting held today i.e., September 25, 2023, has allotted 3,00,00,000 or 3 crore fully paid-up equity shares of Rs 2 each as bonus shares. The bonus shares are allotted in the proportion of 1:1 i.e., 1 new fully paid-up equity share of Rs 2 each for every 1 existing fully paid-up equity share of Rs 2 each held, to the eligible members whose name appeared in the list of beneficial owners as on September 20, 2023, being the record date fixed for this purpose.
These shares shall rank pari-passu, in all respects with existing Equity Shares of the Company
Additionally, the company announced stellar Quarterly Results. The total revenue stood at Rs 16.14 crore, up 53.3 per cent, EBITDA stood at Rs 0.80 crore, up 166.7 per cent and Profit After Tax (PAT) stood at Rs 0.51 crore, up 61.3 per cent in Q1FY24 compared to Q1FY23.
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Danube Industries Limited is a leading Indian IT hardware engineering company that provides mission-critical IT hardware products to customers, system integrators, enterprises, and others. The company is committed to using technology to keep businesses secure and safe. Danube is a high-value employer that fosters a culture of inclusion, belonging, and corporate citizenship. The company has a market cap of 48.66 crore.
On Monday, shares of Danube Industries surged 2 per cent upper circuit to Rs 8.11 per share from its previous closing of Rs 7.96. The shares of the company saw a spurt in volume by more than 2.54 times on BSE and hit back-to-back upper circuits in the recent trading session.
The stock gave multibagger returns of 680 per cent in 3 years and over 1,700 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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