Record Date Announced For 9:1 Bonus Shares: Ashish Kacholia’s Portfolio Multibagger Stock Hit Upper Circuit On December 03
The stock delivered multibagger returns of 275 per cent in just 1 year and a whopping 4,380 per cent in 3 years.
On Tuesday, shares of Sky Gold Ltd surged and reached an upper price band of Rs 4,028.95 per share, after being locked in the 5 per cent upper circuit. The stock’s 52-week high is Rs 4,325 per share while its 52-week low is Rs 902.10 per share. The shares of the company saw a spurt in volume by more than 1.35 times on BSE.
Sky Gold Limited has announced its approval for a significant bonus share issuance in the ratio 9:1. The company will be distributing 9 new fully paid-up equity shares of Rs 10 each for every 1 existing fully paid-up equity share held by its shareholders. To determine the eligible shareholders for this bonus share issue, the company has set Monday, December 16, 2024, as the Record Date.
Sky Gold Limited is engaged in the business of designing, manufacturing, and marketing gold jewellery. The company follows a B2B model where the products are mainly sold to mid-range jewellers and boutique stores which sell them through online platforms and retail stores. An ace investor, Ashish Kacholia’s investment firm Bengal Finance And Investment Pvt Ltd owns 2,52,900 shares or a 1.73 per cent stake in the company as of October 2024.
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Sky Gold Ltd has a market cap of Rs 5,904 crore and a stock price CAGR of 254 per cent over the last 5 years. The stock delivered multibagger returns of 275 per cent in just 1 year and a whopping 4,380 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.