Small-Cap Multibagger Company to Announce Bonus Shares; Meeting Scheduled for June 29; Stock Hit Upper Circuit and 52-Week High Today!
The company's shares have delivered an impressive return of over 230 per cent to their shareholders in just 1 year.
GRP Ltd established in 1974, is a manufacturer of reclaimed rubber from used tyres, upscaled polyamide from nylon waste, and engineered products die-cut from end-of-life tyres. The company has announced via press release that the meeting of the Board of Directors of GRP Limited is scheduled to be held on Saturday, 29th June 2024. The agenda includes consideration of the issue of bonus shares to the equity shareholders of the company.
Today shares of GRP Ltd closed the day at Rs 12063.30 per share on the BSE. The current market capitalization of the company stands at Rs 1607 crore. Additionally, the stock has delivered a multibagger return of over 230 per cent in just 1 year.
Read India’s First EV Fund Launched and Open for Subscription: Complete Details Inside!
As per Quarterly Results in Q4 FY24, GRP Ltd reported a quarterly revenue from operation of Rs 138 crore compared to a revenue of Rs 96 crore, representing a growth on a YoY basis. The net profit of the company stood at Rs 12 crore in Q4 FY24 compared to a net profit of Rs 3 crore. Turning attention to the annual performance of the company, it reported a revenue of Rs 461 crore, compared to Rs 451 crore in FY23 representing a gain of 2.30 per cent YoY. Moreover, the company’s net profit stood at Rs 23 crore in FY24 compared to a profit of Rs 14 crore.
Regarding the shareholding pattern of GRP Ltd, the promoters own 40.36 per cent of the company and the public or retail investors hold 59.64 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Related articles
-
3:1 Bonus Shares Announced by Small-Cap Multibagger Company; Stock Gains Over 250 per cent in Just 1 Year!
-
Board Likely to Announce Bonus Issue on June 14, 2024; Heavy Buying, This Hotel Stock Rallied Over 6 per cent; Must Watch!
-
The power of a bonus issue: How Rs 1,000 becomes Rs 1.40 crore and generates multibagger returns of 13,88,285 per cent!
-
1:2 Bonus issue announcement: Back-to-back upper circuit low price penny stock, company announces bonus issue!
-
4:1 Bonus Share & 10:1 Split: Stock Hits Upper Circuit for 13 Consecutive Trading Days; Stock Gains Over 270 Per cent in Just 3 Months Only
-
Penny Stock Under Rs 5: Back-to-Back Upper Circuit Multibagger Stock with 2:1 Bonus Shares and 10:1 Stock Split
-
India's Largest Central Depository to Announce Bonus Issue; Meeting Scheduled for July 2; Stock Gains Over 90 per cent in Just 1 Year!
-
2:1 Bonus Issue & 10:1 Stock Split: Multibagger Penny Stock Under Rs 5 Hits Upper Circuit Today; Keep it on Radar
-
4:1 Bonus Share & 10:1 Stock Split: Heavy Buying Hits Back-to-Back Upper Circuit Stock - Keep on Radar for Monday!
-
5:1 Stock Split & 1:2 Bonus Issue Announced by This Small-Cap Infra Company; Stock Gains Over 670 per cent; Must Watch!
-
2:1 Stock Split & 1:2 Bonus Issue Announced by This Small-Cap Engineering Company; Stock Gains Over 1,100 per cent in Just 2 Years!
-
This Gujarat-Based Engineering Company Likely to Announce Bonus Issue This Month; Promoter Bought 43,053 Shares; Stock Hits Upper Circuit Today!
-
2:1 Bonus Issue: Under Rs 30, This IT Stock Backed by Infibeam Avenues Rallied 20 per cent and Hit Upper Circuit Today; Do You Own It?
-
14:48 Bonus issues announced by a small-cap IT company: Stock hits upper circuit today, Company has been announcing bonus issues every year for the past 3 years!
-
1:2 Bonus issue announcement: Turnaround story as Maharatna PSU company posts stellar profits with 165 per cent dividend!
-
400 per cent returns: Board announced bonus shares and approves plans to migrates from SME to main board!
-
Multi-bagger in just 1 month: Don't miss action in this stock that has announced bonus shares!
-
Ashish Kaholia’s Portfolio Engineering Company Stock Hits Upper Circuit; Gains Over 190 per cent in Just 1 Year – Do You Own This Stock?
-
5:1 Stock Split Announced by This Small-Cap Company; FIIs Bought 11,66,846 Shares!
-
Heavy Buying Stock Hits Upper Circuit After Ashish Kacholia Bought 1,07,500 Shares of This Small Cap Company; Do You Own It?