Bonus issue and stock split: This multibagger small-cap company skyrocketed more than 560 per cent in less than 4 months!

The company has witnessed heavy buying and has given multibagger returns of over 107 per cent in just one month and has skyrocketed over 560 per cent in less than 4 months

Rhetan TMT Limited is a Small-Cap company that manufactures TMT Bars and Round Bars which are primarily used in the construction industry and its products have been used in the construction of dams, bridges, residential and commercial towers and major infrastructure projects in Gujarat.  

Recently, the company announced the issuance of bonus shares along with a stock split of the equity shares of the company. The board in its meeting considered the issue of 11 bonus shares for every 4 equity shares (11:4) held by the equity shareholders of the company, as of the record date. This bonus issue of equity shares is subject to the approval of the shareholders and other applicable statutory and regulatory approvals, as may be required.  

Moreover, the company’s board also approved the split of 1 equity share having a face value of Rs 10 each into 10 equity shares of the company having a face value of Re 1 each. The company said that the stock split is done to enhance the liquidity of equity shares and widen the shareholders base by making the equity share more economical to the investors.   

The company has witnessed heavy buying and has given multibagger returns of over 107 per cent in just one month and has skyrocketed over 560 per cent in less than 4 months. Keep a close eye on this trending multibagger stock.