2,750 per cent returns in this multibagger micro-cap stock; Board likely to announce stock split after 24:100 bonus shares!

The stock gave multibagger returns of 270 per cent in just 1 year and a whopping 2,750 per cent in 2 years.

Growington Ventures India Ltd informed that a meeting of the Board of Directors of the company is scheduled to be held on Wednesday, December 13, 2023, at the Registered Office of the Company at Shiv Chamber, 4th Floor, Plot No. 21, Sector - 11, CBD Belapur, Navi Mumbai - 400614, Maharashtra, inter-alia, to consider the following matter:

1) To consider a proposal for alteration in the share capital of the Company by sub-division/ stock split of existing equity shares having a face value of Rs 10 each, fully paid up.

2) Any other business with the permission of the chair which is incidental and ancillary to the business.

Growington Ventures India Ltd have ex-traded bonus shares in the ratio of 24:100. It implied that for every 100 shares held, shareholders would receive 24 bonus shares as of the record date. The bonus shares' ex-record date was Friday, March 24, 2023. 

Growington Ventures India Ltd, commonly known as VMV Vacations, is in the business of offering all travel and tourism-related services, such as booking flights, vacation packages, hotels and resorts, vehicle rentals, visas, event management, and wedding planning.

Today, shares of Growington Ventures India Ltd plunged 0.05 per cent to Rs 216.40 with an intraday high of Rs 221.95 and an intraday low of Rs 214.85. The stock’s 52-week high is Rs 224.90 and its 52-week low is Rs 44.09.

The stock gave multibagger returns of 270 per cent in just 1 year and a whopping 2,750 per cent in 2 years. Investors should keep an eye on this micro-cap stock.