Multibagger penny stock under Rs 10 hits back-to-back upper circuits; Board announced bonus shares!

Multibagger penny stock under Rs 10 hits back-to-back upper circuits; Board announced bonus shares!

Kiran Shroff

The stock is up by 43 per cent in just 3 months and generated multibagger returns of over 182.73 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 Friday, one of the gainers on BSE, shares of Ashirwad Capital Ltd zoomed 5 per cent upper circuit to Rs 6.22 per share from its previous closing of Rs 5.93. The stock has a 52-week high of Rs 7.80 per share and a 52-week low of Rs 3.73 per share.

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

According to the financials, Ashirwad Capital has a market cap of Rs 24.88 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 are hitting back-to-back upper circuits in recent trading sessions.

The stock is up by 43 per cent in just 3 months and generated multibagger returns of over 182.73 per cent in the span of 3 years. Investors should keep an eye on this micro-cap stock.

Previous Article Rs 3.99 trillion order book: This infrastructure giant bags huge work orders worth more than Rs 1000 crore!
Next Article Multibagger penny stock under Rs 25: This small-cap company bags a new order from Southern Railway; hits back-to-back upper circuit!
Rate this article:
4.0

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR