Don’t miss action in this multibagger stock that is likely to announce bonus shares!

The shares of the company saw a spurt in volume by more than 2.10 times on BSE.  

Sirca Paints India Ltd informed that the Meeting of the Board of Directors will be held on Wednesday, March 29, 2023, inter alia, to consider the following:   

1. To consider an increase in the Authorized Share capital of the company and consequent alteration of Clause V of the Memorandum of Association of the Company, Subject to the approval of the members;   

2. Proposal for the issue of Bonus Shares, subject to the approval by the members and any other requisite approvals;  

 3. Any other business with the permission of the chairman.  

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’. According to the financials, the company has a market cap of Rs 1,800 crore. The company reported positive numbers in Quarterly Results and annual results. The shares of the company saw a spurt in volume by more than 2.10 times on BSE.  

On Friday, shares of Sirca Paints India plunged 1.58 per cent to Rs 643.05 per share with an intraday high of Rs 668.55 and low of Rs 641. The stock has a 52-week high of Rs 800 and a 52-week low of Rs 598.85.  

The stock is up by 44.88 per cent in just 1 year and over 108.69 per cent in the last 2 years. Investors should keep an eye on this multibagger Small-Cap stock.