Double Dhamaka! Board announces 1:5 bonus share & 10 per cent dividend: Multibagger stock with 18,000 per cent returns; Jumps over 3 per cent
The stock gave multibagger returns of 1,800 per cent in 1 year and a whopping 18,000 per cent in 5 years.
On Thursday, shares of Ceenik Exports (India) Ltd gained 3.91 per cent to Rs 1,247.25 per share from its previous closing of Rs 1,200.30 per share. The stock’s 52-week high is Rs 1,432.45 while its 52-week low is Rs 65.97.
CEENIK EXPORTS (INDIA) LTD announced that its Board of Directors has approved the issuance of fully paid-up bonus equity shares in a 1:5 ratio and recommended a final dividend of 10 per cent (Re 1 per equity share) for the financial year 2023-24. This means that for every 5 fully paid-up equity shares held on the record date, shareholders will receive 1 additional fully paid-up equity share.
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Ceenik Exports (India) Ltd, established in 1995, is a prominent player in the garment manufacturing industry. The company specializes in producing a wide range of products, including knitted fabrics, denim jeans, T-shirts, and men's garments. Additionally, Ceenik offers dyeing and printing services to cater to diverse customer needs. With its integrated infrastructure, the company ensures strict quality control and delivers standardized products.
The company has a market cap of over Rs 400 crore and stock is trading at 5.54 times its book value. The stock gave multibagger returns of 1,800 per cent in 1 year and a whopping 18,000 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.