796 per cent returns: Don’t miss action in this multibagger stock that has announced bonus shares!

The stock has a PE of 13.02x, a ROE of 20 per cent and a ROCE of 22 per cent.

Vardhman Special Steels informed that The Board of Directors of the company has approved the issuance of bonus equity shares of the company in the proportion of 1 (one) equity share of Rs 10 each for every 1 (one) existing equity shares of Rs 10 each. The company fixed the record date for the bonus issue of shares as Friday, May 26, 2023.   

On Tuesday, one of the Top Gainers on BSE, shares of Vardhman Special Steels zoomed 7.93 per cent to Rs 401 per share with an intraday high of Rs 401.50 and an intraday low of Rs 384.05 per share.   

DSIJ offers a product 'Tiny Treasure' with recommendations for Small-Cap & micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here

Vardhman Special Steels Limited is a producer of special and alloy steel in India. The company mainly caters to special and alloy steel hot rolled bars for engineering, automotive, tractor, bearing and allied industries.  

The company has a market of over Rs 1,600 crore and delivered a good profit growth of 106 per cent CAGR over the last 3 years. The company also reported amazing Quarterly Results (Q4) and annual results (FY23).   

The stock has a PE of 13.02x, a ROE of 20 per cent and a ROCE of 22 per cent. The stock gave multibagger returns of over 796 per cent in just 3 years. Investors should keep an eye on this small-cap stock.