Bonus Shares: This small-cap multibagger stock jumped over 12 per cent as stock trades ex-bonus today!

The stock gave multibagger returns of 310 per cent in just 3 years. 

Sirca Paints India Ltd informed that the Board has recommended the issue of bonus shares in the ratio of 1:1 i.e., 1 (One) Bonus equity share of Rs 10 each for every 1 (One) fully paid-up equity share of Rs. 10 each held by the members of the company as on the record date. The company had fixed the record date for the bonus issue of shares as today, May 11, 2023. 

Sirca Paints India Ltd is engaged in the business of manufacturing, selling and export of wood coatings and other decorative paints under the brand ‘Sirca’. 

 According to the financials, the company has a market cap of Rs 1,800 crore. The company reported positive numbers in Quarterly Results and annual results. The shares of the company saw a spurt in volume by more than 2 times on BSE.

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On Thursday, shares of Sirca Paints India Ltd jumped 12.03 per cent to an intraday high of Rs 345 per share from its previous closing of Rs 307.95 being one of the Top Gainers on BSE. The stock has a 52-week high of Rs 400 and a 52-week low of Rs 309. At 11:00 am, shares of the company are trading at Rs 335.40 per share, up 8.95 per cent.

Since the company's current debt as of March 2023 is only 18 lakh, it has almost completely eliminated its debt. Furthermore, the company has been maintaining a healthy dividend payout of 20.3 per cent. The stock gave multibagger returns of 310 per cent in just 3 years. 

 Investors should keep an eye on this multibagger Small-Cap stock.