1,900 per cent returns: Multibagger penny stock under Rs 10 to pay bonus shares and dividend for the first time ever; Ex-date tomorrow!
The stock gave multibagger returns of 200 per cent in just 1 year, 350 per cent in 2 years and a whopping 1,900 per cent returns in 3 years.
The Indian stock markets were in green today, with the benchmark indices Sensex and Nifty trading higher. The Sensex gained 0.37 per cent at 65,628, while the Nifty is up by 0.48 per cent at 19,529. About 2,305 shares have advanced, 1,439 have declined, and 197 were unchanged on BSE.
Today, shares of Vivanta Industries Ltd zoomed 5 per cent upper circuit to Rs 6.49 per share from its previous closing of Rs 6.19. The stock's 52-week high stands at Rs 8.66, while its 52-week low is Rs 1.62.
The Board of Directors of Vivanta Industries Ltd recommended a bonus issue of equity shares in the ratio of 1:4 i.e., 1 new equity share of Rs 1 each for every 4 existing equity shares of Rs 1 each held by the company's shareholders as of the record date, subject to shareholder approval. Additionally, the company declared a final dividend of Rs 0.03 per share.
The company set the record date for bonus shares and a final dividend as Tuesday, September 05, 2023.
Vivanta Industries Limited (VIL) provides engineering services. The company offers land survey and procurement, project designing, fiscal studies, funding, and marketing services. Talking about the financials, this civil construction company has a market cap of Rs 63 crore.
Furthermore, according to the Quarterly Results, the company reported net sales of Rs 14.08 crore. The operating profit skyrocketed by 792.50 per cent to Rs 0.36 crore and the net profit skyrocketed by 1,034.48 per cent to Rs 0.33 crore in Q1FY24 compared to Q1FY23.
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The stock gave multibagger returns of 200 per cent in just 1 year, 350 per cent in 2 years and a whopping 1,900 per cent returns in 3 years. Investors should keep this multibagger micro-cap stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.