Don’t miss action in this multibagger stock that has announced bonus shares!
Since the company's current debt, as of March 2023 is only 18 lakh, it has almost completely eliminated its debt.
Sirca Paints India Ltd informed that the Board has recommended the issue of bonus shares in the ratio of 1:1 i.e., 1 (One) Bonus equity share of Rs 10 each for every 1 (One) fully paid-up equity share of Rs. 10 each held by the members of the company as on the record date. The company verified the record date for the bonus issue as Thursday, May 11, 2023.
Sirca Paints India Ltd is engaged in the business of manufacturing, selling and export of wood coatings and other decorative paints under the brand ‘Sirca’.
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According to the financials, the company has a market cap of Rs 1,689 crore. The company reported positive numbers in Quarterly Results and annual results.
On Friday, shares of Sirca Paints India zoomed 1.17 per cent to Rs 616.35 per share with an intraday high of Rs 619.30 and a low of Rs 606.35. The stock has a 52-week high of Rs 800 and a 52-week low of Rs 575.65.
Since the company's current debt as of March 2023 is only 18 lakh, it has almost completely eliminated its debt. Furthermore, the company has been maintaining a healthy dividend payout of 20.3 per cent. The stock gave multibagger returns of 277 per cent in just 3 years.
Investors should keep an eye on this multibagger Small-Cap stock.