Multibagger penny stock under Rs 10 hit 5 per cent upper circuit on bonus equity shares allotment!
The stock gave investors a multibagger return of 220 per cent in the 1 year, 355 per cent in 2 years and a whopping 1,950 per cent in 3 years.
Vivanta Industries Ltd informed that the Board of Directors of the company had approved bonus shares in the ratio 1:4 (i.e., 1 new fully paid-up equity share of Rs 1 each for every 4 existing equity shares of Rs 1 each as of the record date). The company had fixed the record date for bonus shares as Tuesday, September 05, 2023.
Today, September 06, 2023, Vivanta Industries Ltd inform you that the Board of Directors of the company, in their meeting held at the Registered Office of the company has considered and approved the allotment of bonus equity shares having a face value of Rs 1 each in the proportion of 1 (One) new fully paid-up equity share for every 4 (Four) existing equity shares held by the shareholders of the company as on the record date determined by the board (i.e., September 05, 2023).
Today, shares of Vivanta Industries Ltd jumped 5 per cent upper circuit to Rs 5.55 per share from its previous closing of Rs 5.29. Additionally, in the recent trading session, the stock is hitting back-to-back upper circuits.
Vivanta Industries Limited (VIL) provides engineering services. The company offers land survey and procurement, project designing, fiscal studies, funding, and marketing services. Talking about the financials, this civil construction company has a market cap of Rs 64.35 crore.
Furthermore, according to the Quarterly Results, the company reported net sales of Rs 14.08 crore. The operating profit skyrocketed by 792.50 per cent to Rs 0.36 crore and net profit skyrocketed by 1,034.48 per cent to Rs 0.33 crore in Q1FY24 compared to Q1FY23.
The stock gave investors a multibagger return of 220 per cent in the 1 year, 355 per cent in 2 years and a whopping 1,950 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.
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