Don't miss action in this multibagger stock that has announced bonus shares and stock split; know the record date!

The stock delivered multibagger gains of 230.51 per cent in just 6 months, while the BSE Small-Cap Index was down by 1.5 per cent.

One of the gainers on the BSE today, shares of Vinny Overseas Ltd surged 4.76 per cent to Rs 273 per share from its previous closing of Rs 260.60. The stock has a 52-week high of Rs 283.10 and a 52-week low of Rs 81.  

The company announced in a stock exchange that it will issue stock splits in the ratio of 1:10, converting equity shares with a face value of Rs 10 each into 10 equity shares with a face value of Re 1 each and it will also issue bonus shares in the ratio of 13:10, implying that shareholders will receive 13 bonus shares for every 10 shares held by existing shareholders as of the record date (post considering the split of shares subject to shareholders approval). The company verified the record date for bonus shares and stock split as Friday, February 24, 2023. 

Vinny Overseas Limited has a market cap of Rs 268 crore. It is engaged in manufacturing and exporting textile products. The company offers cotton and rayon fabrics used in dresses, kurtis and shirting. Vinny Overseas serves clients worldwide. According to the quarterly financial statement, the firm reported positive results. 

The stock delivered multibagger gains of 230.51 per cent in just 6 months, while the BSE Small-Cap Index was down by 1.5 per cent. Investors should keep an eye on this multibagger stock.