2:5 Bonus Share Announced: Multibagger Penny Stock Under Rs 50; PAT Rockets Over 200 Per Cent in Q2FY25
The stock gave multibagger returns of 800 per cent in 3 years and a whopping 7,100 per cent since its listing.
On Thursday, shares of Hardwyn India Ltd plunged 1.48 per cent to Rs 36 per share with an intraday high of Rs 38.02 and an intraday low of Rs 35.82 from its previous closing of Rs 36.54. The stock's 52-week high is Rs 51.77 and its 52-week low is Rs 26.10.
Hardwyn India Ltd, listed on both BSE and NSE, specializes in manufacturing architectural hardware and glass fittings for residential and commercial structures, providing comprehensive solutions. The company boasts a market capitalization of Rs 1,256 crore.
According to Quarterly Results, the net sales increased by 62 per cent to Rs 51.65 crore and net profit increased by 201 per cent to Rs 4.04 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 35 per cent to Rs 92.57 crore and net profit increased by 108 per cent to Rs 5.38 crore in H1FY25 compared to H1FY24.
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The Board of Directors of the Company approved the issuance of 13,95,52,587 bonus equity shares in a 2:5 ratio to existing shareholders. This translates to two new fully paid-up equity shares for every five existing shares held on the record date. To accommodate this increase in share capital, the authorized share capital of the company will be raised from Rs 35,10,00,000 to Rs. 50,00,00,000, comprising 50 crore equity shares with a face value of Re. 1 each. These new shares will rank equally with the existing equity shares of the company.
The stock gave multibagger returns of 800 per cent in 3 years and a whopping 7,100 per cent since its listing. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.