220 per cent returns: Board of this multibagger company announced bonus shares; stock hits upper circuit!
The stock has experienced a growth of 53 per cent in 3 months, 178 per cent over a 2-year span, and an impressive increase of over 220 per cent within just 3 years.
On Monday, one of the Top Gainers on BSE, shares of V R Films & Studios jumped 5 per cent upper circuit to Rs 305.99 per share from its previous closing of Rs 291.35 per share.
V R Films & Studios Ltd informed that the Board of Directors of the company have approved the issue of bonus shares in the proportion of 7 bonus equity share having a face value of Rs 10 each, for every 1 fully paid-up equity share of Rs 10 each, existing equity share held by the members and that the bonus shares so distributed shall, for all-purpose, be treated as an increase in the paid-up capital of the company. The company fixed the record date for bonus shares as Wednesday, July 26, 2023.
V R Films & Studios Limited provides entertainment content solutions. The company offers film distribution, dubbing studios, and digital media services. In terms of shareholding pattern, the maximum stake is owned by promoters of the company (71.77 per cent) and the rest is owned by the general public (28.23 per cent).
According to the financials, V R Films & Studios has a market cap of Rs 41.97 crore with a 3-year stock price CAGR of 45 per cent. The company reported positive numbers in its Quarterly Results and annual results.
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The stock has experienced a growth of 53 per cent in 3 months, 178 per cent over a 2-year span, and an impressive increase of over 220 per cent within just 3 years. Investors should keep an eye on this multibagger micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.