Multibagger penny stock under Rs 10; Board announced bonus shares!
The stock is up by 30 per cent in just 3 months and generated multibagger returns of over 170 per cent in the span of 3 years.
Ashirwad Capital Ltd is engaged in the business of investment, announced that The Board of Directors of the company have recommended and approved the bonus Issue of equity shares in the proportion of 1 equity share of Rs 1 each for every 2 Equity Shares of Rs 1 each held by shareholders of the company as on the record date. The company verified the record date as Monday, June 19, 2023.
On Wednesday, one of the gainers on BSE, shares of Ashirwad Capital Ltd zoomed 5 per cent upper circuit to Rs 5.67 per share from its previous closing of Rs 5.40. The stock has a 52-week high of Rs 7.80 per share and a 52-week low of Rs 3.73 per share.
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According to the financials, Ashirwad Capital has a market cap of Rs 22.60 crore with a 3-year CAGR of 39 per cent. The company reported positive numbers in its Quarterly Results (Q4FY23) and annual results (FY23). The company is almost debt free. The shares of the company saw a spurt in volume by more than 2.20 times on BSE.
The stock is up by 30 per cent in just 3 months and generated multibagger returns of over 170 per cent in the span of 3 years. Investors should keep an eye on this micro-cap stock.