580 per cent returns in this multibagger stock; Board likely to announce bonus shares; scrip hits 52-week high!
The shares of the company have an ROE of 18.1 per cent and a ROCE of 21.5 per cent with multibagger returns of 170 per cent in just 1 year.
On Wednesday, shares of Yug Decor Ltd zoomed 8 per cent to make a new 52-week high of Rs 100 per share from its previous closing of Rs 92. At the closing bell, shares of the company were trading at Rs 92.51 per share, up 0.55 per cent with a spurt in volume by more than 2.19 times on BSE.
Yug Decor informed that a meeting of the Board of Directors of the company will be held on Friday, August 18, 2023, at 3:00 P.M. at the Registered Office of the company situated at Ahmedabad inter alia to consider, approve and take on record the following matters:
- Approval of Board Report along with all its Annexures.
- Approval of the following matters subject to the approval of members at the ensuing 20th AGM:
- Propose to issue bonus shares to the existing shareholders of the Company.
- Convening the 20th Annual General Meeting (AGM) of the Company, approving the draft notice thereof and determining book closure dates for the purpose of AGM and cut-off date for e-voting and e-voting period.
- Appointment of Scrutinizer for e-voting platform and voting facility to be provided by the Company at the ensuing 20th Annual General Meeting.
- Any other items as Board may deem fit to discuss.
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Yug Decor Ltd does manufacturing and trading of various types of Specialty Chemicals viz, water-based adhesives and solvent-based adhesives. The company has a market cap of Rs 58 crore with a 5-year CAGR of 39 per cent. The company reported excellent numbers in its Quarterly Results and annual results.
The shares of the company have an ROE of 18.1 per cent and a ROCE of 21.5 per cent. The stock gave multibagger returns of 170 per cent in just 1 year and over 580 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.