Multibagger Stock With 20,000 Per Cent Returns: Board Announce Record Date For 1:5 Bonus Shares
The stock gave multibagger returns of 1,150 per cent in 1 year and a whopping 20,000 per cent in 5 years.
On Thursday, shares of Ceenik Exports (India) Ltd gained 2.43 per cent to Rs 1,300 per share from its previous closing of Rs 1,269.20 per share. The stock’s 52-week high is Rs 1,432.45 per share while its 52-week low is Rs 103.85 per share.
CEENIK EXPORTS (INDIA) LTD announced that its Board of Directors has approved the issuance of fully paid-up bonus equity shares in a 1:5 ratio. This means that for every 5 fully paid-up equity shares held on the record date, shareholders will receive 1 additional fully paid-up equity share. The Board fixed the record date for bonus shares as Friday, January 03, 2025.
Ceenik Exports (India) Ltd, established in 1995, is a prominent player in the garment manufacturing industry. The company specializes in producing a wide range of products, including knitted fabrics, denim jeans, T-shirts, and men's garments. Additionally, Ceenik offers dyeing and printing services to cater to diverse customer needs. With its integrated infrastructure, the company ensures strict quality control and delivers standardized products.
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The company has a market cap of over Rs 400 crore and stock is trading at 5.54 times its book value. The stock gave multibagger returns of 1,150 per cent in 1 year and a whopping 20,000 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.