Multibagger Alert: After bonus issue consideration, this rubber company hit a new 52-week high

The board will also consider increasing authorized share capital from Rs 8 crore to Rs 10.2 crore during the meeting.

Dolfin Rubbers Ltd, which has provided investors with a fantastic return of 159.3 per cent over the previous year, said today that its board of directors will meet on March 28 to examine and approve a bonus issuance of shares. During the meeting, the board will consider expanding the company's authorised share capital from Rs 8 crore to Rs 10.2 crore. Further, the board will also take the proposal for migration and listing of equity shares of the company from the BSE SME platform to main board of BSE and NSE. 

If an investor had put Rs 1 lakh into this multibagger stock a year ago and kept it invested in Dolfin Rubbers Ltd shares throughout that time, his or her money would now be worth Rs 2.59 lakh. Similarly, if an investor had put Rs 1 lakh into this stock two years ago, that money would now be worth Rs 3.09 lakh. 

Incorporated in 1995, the company has started in 1997 with a small manufacturing unit of auto and adv tubes at Humbran which is about 16 km away from Ludhiana and by Almighty's grace, now they have one of the biggest networks in almost each and every corner of India. The company's products are also available in Bangladesh, Bhutan, Egypt, Nepal, Pakistan and Sri Lanka. 

At 10:15 am on Monday, the stock of Dolfin Rubbers Ltd was seen trading at Rs 111.5, up by 9.31 per cent or Rs 9.5 per share. The 52-week high of the scrip is recorded at Rs 111.5 and the 52-week low at Rs 40 on the BSE.