Multibagger from its 52-week low; Board likely to announce bonus shares this week!

Multibagger from its 52-week low; Board likely to announce bonus shares this week!

Kiran Shroff

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 76 per share.

Grovy India Limited informed that a meeting of the Board of Directors of the company will be held on Friday, August 30, 2024, at 02:00 P.M. at its registered office at 122, 1st Floor, Vinobapuri, Lajpat Nagar II, New Delhi – 110024, inter-alia, to approve:

  1. To consider and approve the Director’s Report of the Company for the financial year 2023-24.
  2. To consider and approve notice of the 39th Annual General Meeting (AGM).
  3. To consider the resignation of the Statutory Auditor.
  4. To consider the proposal for the issue of bonus shares to the equity shareholders of the company.
  5. To transact any other business with the permission of the chair.

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Grovy India Ltd, established in 1985, specializes in real estate development and consultancy. The company has completed various projects, including boutique apartments, farmhouses, houses and commercial properties in prime locations like Greater Kailash, Lajpat Nagar, Hauz Khas, Sarvodya Enclave and Rishikesh. In addition to development, Grovy India Ltd offers a range of services such as re-scaling, redevelopment, cost consultancy, planning and designing, property shortlisting and design and material consultancy, catering to the diverse needs of their clients in the real estate sector.

The company has a market cap of over Rs 55 crore. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 76 per share. Investors should keep an eye on this multibagger stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

Also Read: Rs 555.80 Crore Order Book & FIIs Bought 3,81,010 Shares: Heavy Buying In This Multibagger Cable Manufacturing Stock; Rockets Over 12 On August 26

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