Back-to-back upper circuits in this multibagger micro-cap stock; Board announced bonus shares!

The stock has experienced a growth of 106 per cent in a 3-month period, 235 per cent over a 2-year span, and an impressive increase of over 270 per cent within just 3 years.

On Friday, one of the Top Gainers on BSE, shares of V R Films & Studios jumped 5 per cent upper circuit to Rs 371.75 per share from its previous closing of Rs 354.05 per share. The shares of the company hit back-to-back upper circuits in the past 6 trading sessions.

V R Films & Studios Ltd informed that the Board of Directors of the company have approved the issue of bonus shares in the ratio 7:1 i.e., 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 51 crore with a 3-year stock price CAGR of 55 per cent. The company reported positive numbers in its Quarterly Results and annual results.

The stock has experienced a growth of 106 per cent in a three-month period, 235 per cent over a two-year span, and an impressive increase of over 270 per cent within just three years. Investors should keep an eye on this multibagger micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.