Don’t miss action in this multibagger stock that had announced bonus shares!
The stock gave multibagger returns of 217.29 per cent in just 6 months.
On Friday, one of the Top Gainers on BSE, shares of Achyut Healthcare Ltd rose 5 per cent upper circuit to Rs 57.27 per share from its previous closing of Rs 51.96. The stock also traded at a new 52-week high of Rs 57.27 per share. In the recent trading sessions, the stock has hit back-to-back upper circuits and 52-week highs.
Achyut Healthcare informed that The Board of Directors has approved bonus shares in the ratio 1:2. The company will issue 46,72,500 equity shares of Rs 10 each as a bonus issue in the ratio of 1:2 i.e., one new bonus Equity Share of Rs 10 each for every two existing fully paid-up Equity Shares of Rs 10 each, as of record date. The company verified the record date for bonus shares as April 25, 2023.
Incorporated in 1996, Achyut Healthcare Ltd is a pharmaceutical trading company dealing in API, pharmaceutical products, medical devices, etc. The company is also in the manufacturing of pharmaceutical formulations in the forms of tablets, capsules, oral liquids and injectables.
Achyut Healthcare Ltd, an SME stock, has a market cap of Rs 53.52 crore. The firm reported fantastic half-yearly and annual financial statements. The company has reduced its debt in the current financial year 2022-2023. On Friday, shares of the company saw a spurt in volume by more than 1.12 times on BSE.
The stock gave multibagger returns of 217.29 per cent in just 6 months. Investors should keep an eye on this multibagger SME stock.