Multibagger stock below Rs 250: Don't miss action in this stock that has announced bonus shares and stock split!
The stock delivered multibagger gains of 417.84 per cent in just 6 months, while the BSE Small-Cap Index only increased by 7.16 per cent.
One of the Top Gainers on the BSE today, shares of Vinny Overseas Ltd surged and reached an upper price band of Rs 229.05 per share, after being locked in the 5 per cent upper circuit. In addition, the stock reached a fresh 52-week high of Rs 229.05. The price of the company's shares has skyrocketed recently, hitting back-to-back upper circuits and 52-week highs.
The company said it will issue stock split in the ratio of 1:10 wherein it will be converting equity shares with a face value of Rs 10 each into 10 equity shares with a face value of Re 1 each and it will also issue bonus shares in the ratio of 13:10, which means that shareholders will receive 13 bonus shares for every 10 shares held by the existing shareholder as of record date (post considering the split of shares subject to shareholders’ approval).
Vinny Overseas Limited has a market cap of Rs 231.66 crore. It is engaged in manufacturing and exporting textile products. The company offers cotton and rayon fabrics used in dresses, kurtis and shirting. Vinny Overseas serves clients worldwide. According to the quarterly financial statement, the firm reported positive results.
Today, shares of the company saw a spurt in volume by more than 1.48 times on BSE. The stock delivered multibagger gains of 417.84 per cent in just 6 months, while the BSE Small-Cap Index only increased by 7.16 per cent. Investors should keep an eye on this multibagger stock.