Double Dhamaka! Board Likely To Announce Bonus Shares & Stock Split: Multibagger Stock With 1,200 Per Cent Returns To Keep Under Radar
The stock gave multibagger returns of 120 per cent from its 52-week low of Rs 86.28 per share, 560 per cent in 3 years and a whopping 1,200 per cent in 5 years.
B.N. Rathi Securities Ltd informed that the meeting of the Board of Directors of the Company will be held on Wednesday, December 04, 2024, at 3.30 pm the Registered Office of the Company, inter alia, to consider the following business:
- To consider a proposal for sub-division / split of the equity shares of the company having a face value of Rs 10 each, subject to such regulatory/ statutory approvals as may be required, including the approval of the shareholders of the Company.
- To consider the issue of bonus shares to the shareholders of the company.
- To consider the increase in the authorized share capital of the company.
- To fix the date, time and venue for conducting the Extra Ordinary General Meeting of the Company and approving the draft notice thereof.
- To appoint a Scrutinizer to scrutinize the e-voting process fairly and transparently for the Extra Ordinary General Meeting to be held.
- Any other agenda with the permission of the chair.
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B.N. Rathi Securities Ltd., a prominent player in the Indian financial market, was established in 1985. The company specializes in securities broking, depository operations, and institutional equities. It offers a comprehensive range of investment services, including equity trading, derivatives, IPOs, currency trading, and mutual funds. With a wide network of branches across India, B.N. Rathi Securities caters to a diverse clientele, from individual investors to institutional clients.
The company has a market cap of Rs 190 crore. The shares of the company have a PE of 15x, an ROE of 20 per cent and an ROCE of 29 per cent. The stock gave multibagger returns of 120 per cent from its 52-week low of Rs 86.28 per share, 560 per cent in 3 years and a whopping 1,200 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.