Multibagger in just 1 year; Board announced bonus shares and stock split!
The shares of the company saw a spurt in volume by more than 3.01 times on BSE.
Veerkrupa Jewellers Ltd declared bonus shares in the ratio of 2:3 and a stock split in the ratio of 10:1. The company verified the record date for the stock split and bonus shares as Tuesday, May 16, 2023.
The Board of Directors of Veerkrupa Jewellers has considered and approved the issue of bonus shares in the ratio of 2 bonus shares for every 3 existing shares to the shareholders and has also approved a split of the nominal value of 1 (one) equity share of Rs 10 (Rupees Ten) each into 10 (Ten) equity shares of Rs 1 (Rupees One), each subject to necessary permissions and approvals.
After rising nearly 250 per cent over the period of 1 year, shares of Veerkrupa Jewellers Ltd are undergoing a correction and have hit the lower circuit for the 5th straight day. Today, shares of Veerkrupa Jewellers Ltd plunged 5 per cent to Rs 82.40 per share from its previous closing of Rs 23.60. The 52-week high of the stock is Rs 146 and the 52-week low of Rs 24.40.
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Incorporated in 2019, Veerkrupa Jewellers Ltd is in the business of trading jewellery-based products. The company manufactures and trades different types of gold and silver jewellery products like chains, necklaces, bangles, chains, bracelets, etc.
Talking about finances, this SME stock has a market cap of Rs 65 crore. The company reported positive results in both quarterly and annual financial statements.
The shares of the company saw a spurt in volume by more than 3.01 times on BSE. Investors should keep a close watch on this jewellery stock.