Double Dhamaka! Board likely to announce bonus share & final dividend: Multibagger stock with 19,000 per cent returns; Do you own it?

The stock gave multibagger returns of 1,960 per cent in 1 year and a whopping 19,000 per cent in 5 years.

CEENIK EXPORTS (INDIA) LTD informed that a meeting of the Board of Directors of the Company is scheduled to be held Wednesday, November 20, 2024 at the registered office of the Company, to consider and approve the following transactions:

1. Recommendation of final dividend to the equity shareholders of the Company for the financial year 2023-24.
2. Adoption of new set of Article of Associations of Company.
3. Proposal for the issue of bonus equity shares to the shareholders of the Company.
4. Any other matter with the permission of Chair.

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 1,960 per cent in 1 year and a whopping 19,000 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.