Multibagger in just 6 months: Board allots 9,38,197 bonus shares in the ratio 15:100; scrip hit upper circuit & 52-week high!
Shares of the company gave multibagger returns of 115 per cent in just 6 months and a whopping 570 per cent in 2 years.
On Friday, shares of Yug Decor Ltd zoomed 5 per cent upper circuit to Rs 106.90 per share from its previous closing of Rs 102. The stock also made a new 52-week high of Rs 106.90 per share.
Yug Decor informed that the Board of Directors at its meeting held today i.e., on October 7, 2023, has approved the allotment of 9,38,197 Equity Shares of Rs 10 each by way of bonus issue to such members whose names have appeared in the Register of Members as on October 5, 2023, being the record date fixed for the said purpose, in the proportion of 15 new fully paid up equity shares of Rs 10 each for every 100 existing fully paid-up equity share of Rs 10 each held by them (i.e., in the ratio of 15:100).
The new Bonus Equity shares allotted shall rank pari-passu in all respects with the existing equity shares in the company. The requisite compliances with respect to the credit of Bonus Equity Shares in the demat accounts of the Shareholders shall be completed in due course.
Yug Decor Ltd does manufacturing and trading of various types of Specialty Chemicals viz, water-based adhesives and solvent-based adhesives. The company has a market cap of Rs 76.89 crore with a 3-year CAGR of 90 per cent. The company reported excellent numbers in its half-yearly results and annual results.
The net sales increased by 6 per cent to Rs 15.65 crore and the net profit increased by 137 per cent to Rs 1.09 crore in H2FY23 compared to H2FY22. The net sales increased by 28 per cent to Rs 31.19 crore and the net profit increased by 1040 per cent to Rs 1.14 crore in FY23 compared to FY22.
Shares of the company gave multibagger returns of 115 per cent in just 6 months and a whopping 570 per cent in 2 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Related articles
-
4:1 Bonus Share: Multibagger penny stock under Rs 100 with Rs 1,440 crore order was locked in 20 per cent upper circuit on January 20
-
1:2 bonus shares & 8,800 per cent returns: Heavy buying witnessed in this power stock; bags new order from Pruthvi Textile
-
From Rs 55 to Rs 71.19 per share in just 7 days: Heavy buying in this recently listed fertilizers manufacturing penny stock; hit back-to-back upper circuits & 52-week highs!
-
From Rs 4.17 to Rs 242.25 per share: Watch out for this multibagger NBFC stock that was locked in 5 per cent upper circuit on February 02
-
4,700 per cent returns: Only buyers in this multibagger stock, hit upper circuit & 52-week high; Company signs long-term agreement with Dassault Aviation!
-
President of India’s portfolio multibagger stock hit upper circuit and 52-week high as it posts 67 per cent growth in net profit, earnings per share up by 57 per cent!
-
Multibagger penny stock below Rs 5 hit upper circuit as the Board fixed record date for bonus shares in ratio of 1:5
-
2:1 Bonus Share: Back-to-back upper circuits in this multibagger power generation stock; rockets 2,700 per cent in 3 years!
-
From Rs 7.58 to Rs 16.23 per share in less than 1 month: Heavy buying witnessed in this multibagger penny stock; hit back-to-back upper circuits & 52-week highs!
-
Promoters bought 6,18,19,504 shares and FIIs bought 24,99,769 shares of multibagger auto stock; scrip hit upper circuit & 52-week high!
-
Bonus shares & stock split: Heavy buying in this multibagger micro-cap stock, hitting 10 consecutive upper circuits and 52-week highs!
-
8,200 per cent returns: Multibagger penny stock under 5 hit back-to-back upper circuits & 52-week highs; Board mulls preferential debenture issue post bonus shares & stock split!
-
Multibagger penny stock below Rs 90; Board likely to announce bonus shares and stock split!
-
Heavy buying penny stock under Rs 85 hit 10 per cent upper circuit & fresh 52-week high after first-ever stock split!
-
3,300 per cent returns in this multibagger stock, Board likely to announce bonus shares!
-
Upper Circuit Alert: Multibagger penny stock below Rs 80 to trade ex-bonus & ex-split on December 29; PAT zooms over 2,500 per cent!
-
Multibagger in just 1 year: Board announces bonus shares; scrip hit upper circuit & 52-week high!
-
Madhusudan Kela bought 21,61,384 shares and Sunil Singhania bought 44,68,228 shares of this civil construction company; scrip hit upper circuit & 52-week high!
-
1200-per cent returns in this multibagger penny stock below Rs 100: Board announces bonus shares; hit back-to-back upper circuits & 52-week high!
-
Mukul Agarwal bought 200,000 shares of this multibagger small-cap stock in Q2FY24 and gained Rs 4,41,10,000 in just 1 day; Do you have it?