Rights Issue: This micro-cap multibagger stock traded at a new 52-week high!

The stock gave multibagger returns of 172.22 per cent from its 52-week low of Rs 26.45 per share.

On Friday, shares of Samor Reality surged 2.87 per cent to Rs 72 per share from its previous closing of Rs 69.99. The stock also traded at a fresh 52-week high of Rs 72. In the recent trading sessions, the shares of the company hit back-to-back 52-week highs.

The Board of Directors of Samor Reality announced that it has declared rights issue to its equity shareholders in the ratio 1:1 which means that (1 new right issue of share for every 1 existing equity share held by the eligible shareholders as of the record date). The company verified the record date for the rights issue as Tuesday, May 02, 2023.   

The rights issue opening date is Monday, May 15, 2023 and the issue closing date is Friday, June 02, 2023 with rights issue price of Rs 10 per equity share.   

Samor Reality Limited operates as a real estate company. The company creates homes, retail spaces, commercial spaces and business centres. Samor Reality serves customers in India.  

According to the financials, Samor Reality has a market cap of Rs 77.40 crore with a 1-year CAGR of 50 per cent. The company reported positive numbers in its half-year results and annual results.    

The stock gave multibagger returns of 172.22 per cent from its 52-week low of Rs 26.45 per share. Investors should keep this micro-cap stock under the radar.