Multibagger update : EKI Energy Services fixes record date for bonus issue

Meanwhile, the firm has set July 1, 2022, as the record date for the bonus share issue.

A capital goods firm named EKI Energy Services Ltd, with a market value of Rs 4,409, is a small-cap corporation. The company, which was established in India, is a global service provider for the energy industry and a provider of carbon credit solutions. The share of EKI energy is trading at Rs 6,480 per share on Thursday morning.   

Meanwhile, the firm has set July 1, 2022, as the record date for the bonus share issue. The bonus issuance was announced by the firm as three equity shares worth Rs 10 each for every existing equity share worth Rs 10 each.  

The shares of EKI Energy Services Ltd have increased from $635.95 as of June 23, 2021, to Rs 6,599.00 as of June 23, 2022, 10:00, representing a multi-bagger return of 937 per cent. However, the stock has lost 36.69 per cent of its value year-to-date (YTD) in 2022. In the previous month, the stock lost 16.62 per cent while in the most recent week, it lost 7.69 per cent. The stock, which is listed on BSE, had a 52-week high of Rs 12,599.95 on January 24, 2022, meaning that it is currently trading 49.20 per cent below that high and 946.0 per cent above its 52-week low. The price of EKI Energy is currently below 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.