Bonus Shares: Only buyers in this multibagger stock after turning ex-bonus!

Over the last five years, this multibagger stock has soared by a stunning 5,762 per cent.

Shares of Jyoti Resins and Adhesives hit a new all-time high this week on Friday trading session. On Friday, only buyers were seen in shares of Jyoti Resins, which were in high demand after going ex-bonus. The company recently announced a 2:1 bonus and turned ex-bonus with a record date of September 9. Jyoti Resins has also declared a dividend of Rs 7.50 per share, rewarding its shareholders.

Shares of the company have jumped higher by more than 309 per cent year to date, while surged 437 per cent in just one year. Over the last five years, this multibagger stock has soared by a stunning 5,762 per cent.

Because of the success of its adhesive product EURO 7000, Jyoti Resins is able to expand its footprint throughout India. The vision of Jyoti Resins is to become a national leader in the retail area of wood adhesives. The company also aspires to be India's most preferred adhesive brand among carpenters.

Jyoti Resins has a high return on equity (RoE) and has delivered a profit CAGR of over 116 per cent over the last five years. When it comes to earning multiples, Jyoti Resins is almost debt free and trades at a discount to its competitors.

Investors should keep an eye on this dividend yielding multibagger!