Don't miss action in this multibagger stock that has announced bonus shares and stock split!
The stock gave multibagger returns of 324.53 per cent in just 1 year whereas BSE small-cap index is up 16 per cent.
Kenvi Jewels informed BSE that The Board of Directors of the company approved for stock split (sub-division of equity shares) of the company's 1 equity share of the face value of Rs 10 each into 10 equity shares of the face value of Rs 1 each and issuance of bonus issue of equity shares in proportion of 01 equity share of Rs 01 each for every 04 equity shares of Rs 1 each held by the shareholder of the company as on record date. The company verified the record date for bonus shares and stock split as Friday, May 19, 2023.
After rising nearly 240 per cent over the period of 6 months, shares of Kenvi Jewels are undergoing a correction and have hit the lower circuit for the 5th straight day. Today, shares of Kenvi Jewels Ltd plunged 5 per cent to Rs 112.50 per share from its previous closing of Rs 118.40. The 52-week high of the stock is Rs 151.80 and the 52-week low of Rs 26.
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Incorporated in 2002, Kenvi Jewels is in the business of manufacturing, wholesaling and retailing jewellery. The designing of jewellery is done in-house which is manufactured at its manufacturing unit.
Talking about the financials, Kenvi Jewels has a market cap of Rs 113.74 crore. The company has reported positive numbers in its Quarterly Results and annual results.
The stock gave multibagger returns of 324.53 per cent in just 1 year whereas BSE small-cap index is up 16 per cent. Investors should keep an eye on this gems & jewellery stock.