Multibagger in just 6 months: Board allots 9,38,197 bonus shares in the ratio 15:100; scrip hit upper circuit & 52-week high!
Shares of the company gave multibagger returns of 115 per cent in just 6 months and a whopping 570 per cent in 2 years.
On Friday, shares of Yug Decor Ltd zoomed 5 per cent upper circuit to Rs 106.90 per share from its previous closing of Rs 102. The stock also made a new 52-week high of Rs 106.90 per share.
Yug Decor informed that the Board of Directors at its meeting held today i.e., on October 7, 2023, has approved the allotment of 9,38,197 Equity Shares of Rs 10 each by way of bonus issue to such members whose names have appeared in the Register of Members as on October 5, 2023, being the record date fixed for the said purpose, in the proportion of 15 new fully paid up equity shares of Rs 10 each for every 100 existing fully paid-up equity share of Rs 10 each held by them (i.e., in the ratio of 15:100).
The new Bonus Equity shares allotted shall rank pari-passu in all respects with the existing equity shares in the company. The requisite compliances with respect to the credit of Bonus Equity Shares in the demat accounts of the Shareholders shall be completed in due course.
Yug Decor Ltd does manufacturing and trading of various types of Specialty Chemicals viz, water-based adhesives and solvent-based adhesives. The company has a market cap of Rs 76.89 crore with a 3-year CAGR of 90 per cent. The company reported excellent numbers in its half-yearly results and annual results.
The net sales increased by 6 per cent to Rs 15.65 crore and the net profit increased by 137 per cent to Rs 1.09 crore in H2FY23 compared to H2FY22. The net sales increased by 28 per cent to Rs 31.19 crore and the net profit increased by 1040 per cent to Rs 1.14 crore in FY23 compared to FY22.
Shares of the company gave multibagger returns of 115 per cent in just 6 months and a whopping 570 per cent in 2 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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