Stock below Rs 200: Don't miss action in this multi-bagger stock that has announced bonus shares!
Today, shares of this company saw a spurt in volume by more than 9 times on the stock exchange.
The shares of Sarthak Industries Ltd were closed at Rs 179.80 apiece, down by 0.06 per cent from the previous close of Rs 179.90 apiece. The corporation verified that the record date for the issuance of bonus shares is December 20, 2022 and that bonus shares will be issued to equity shareholders in a ratio of 1:3.
During the last five years, the stock price has increased from Rs 5.95 on March 1, 2018, to the current market price, resulting in a multi-bagger return of 2,921.85 per cent. During the last three years, the stock price has risen from Rs 7.94 on December 23, 2019, to the current market price, resulting in a multi-bagger return of 2,164.48 per cent. The stock has gained 78.64 per cent in the last year and 65.41 per cent on a YTD basis in 2022. The stock had touched a 52-week-high of Rs 216.05 on November 14, 2022 and a 52-week-low of Rs 46.10 on August 10, 2022.
Incorporated in 1982, Sarthak Industries Ltd is engaged in manufacturing and repairing LPG cylinders and merchant trading of Agri-commodities, mining and mineral-based industry on an opportunity basis.
A recent bonus issue was announced at a 1:3 ratio, which means that shareholders will receive one bonus share for each share held by the existing shareholder as of the record date. Hence today, shares of Sarthak Industries Ltd saw a spurt in volume by more than 9 times on the stock exchange.
Investors should keep an eye on this stock.