Don't miss action in this multibagger stock that has announced bonus shares!

Year-to-date, the stock gave multibagger returns of 592.66 per cent whereas BSE Sensex has increased by 2.5 per cent.

One of the Top Gainers on the BSE today, shares of G M Polyplast surged 5 per cent from its previous closing of Rs 1,108.25 apiece and reached an upper price band of Rs 1,163.65 apiece. The company announced bonus shares that will be issued to equity shareholders in a ratio of 6:1.

The corporation verified that the record date for the issuance of bonus shares is January 4, 2023. In just 6 months, the shares of the company gave multibagger returns of 386.88 per cent. The stock boasts a CAGR of 498 per cent in just one year, an ROE of 22.7 per cent and a ROCE of 30 per cent. 

G M Polyplast is one of the leading manufacturers of plastic sheets and premium quality raw materials used to manufacture the sheets called granules. According to the quarterly and annual financial results the company reported positive results.  

Year-to-date, the stock gave multibagger returns of 592.66 per cent whereas BSE Sensex has increased by 2.5 per cent. A recent bonus issue was announced at a 6:1 ratio, which means that shareholders will receive 6 bonus shares for each share held by the existing shareholder as of the record date. Investors should keep an eye on this stock.