Bonus Shares: These 2 multibagger micro-cap stocks are set to trade ex-bonus tomorrow; Do you own any?
The stock gave multibagger returns of 201 per cent in just 1 year.
On Tuesday, the benchmark indices traded positively, with the NSE Nifty-50 Index rising by 0.19 per cent to a level of 19,745.25. Additionally, the Nifty-50 Index achieved a new 52-week high at 19,819.45.
Goldstar Power Limited manufactures industrial batteries. The company offers automotive, tubular, solar, pure lead, and alloy batteries. Goldstar Power also provides inverters, leads, alloys, and other related products. The company's Board of Directors has approved bonus shares at a ratio of 1:4, meaning that for every 4 fully paid-up equity shares of Rs 1 each held by the members on the record date, 1 bonus equity share of Rs 1 each will be issued. The company has confirmed Wednesday, July 19, 2023, as the record date for bonus shares.
On Tuesday, shares of Goldstar Power Limited hit a 5 per cent upper circuit, reaching Rs 5.45 per share. The company has a market cap of Rs 105 crore. The stock gave multibagger returns of 185.34 per cent in just 1 year.
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Abhishek Integrations Limited is in the business of developing, maintaining & operating airports and allied businesses. The company's Board of Directors have approved bonus shares in the ratio of 1:1 i.e., 1 (One) equity shares of Rs 10 each for every 1 (One) existing equity share of Rs 10 each held as of a record date. The company has confirmed Wednesday, July 19, 2023, as the record date for bonus shares.
On Tuesday, shares of Abhishek Integrations Limited hit a 5 per cent lower circuit to Rs 66.15 per share. The company has a market cap of Rs 20 crore. The stock gave multibagger returns of 201 per cent in just 1 year.
Do you have any of the aforementioned Small-Cap stocks in your portfolio?
Disclaimer: The article is for informational purposes only and not investment advice.