First Ever 1:2 Bonus Issue and Rights issue of up to Rs 49.90 Crore: Debt-Free Multibagger Stock Hit Upper Circuit & 52-Week High On October 30
The stock gave multibagger returns of 310 per cent in 6 months and a whopping 3,150 per cent in 1 year.
On Wednesday, shares of Aayush Wellness Ltd gained 2 per cent upper circuit to Rs 104.28 per share from its previous closing of Rs 102.24. The stock also made a 52-week high is Rs 104.48 per share and its 52-week low is Rs 2.98 per share.
The board of directors of Aayush Wellness Limited have approved the issue of 1,62,25,000 bonus equity shares to its shareholders in the ratio of 1:2 i.e. one bonus equity share for every two equity shares held by the shareholder on the record date. The record date will be intimated separately.
The bonus is further sweetened with the announcement of the company’s fund-raising plans of up to Rs 49.90 crore through the rights issue. This would enable the existing shareholders to participate in the company’s fund-raising program and benefit from the special rights issue price. The rights issue price and schedule will be intimated separately. This is the first Bonus issue and rights issue by the Company. The company executed a 10:1 stock split with an ex-date of August 05, 2024.
About Aayush Wellness Limited: (ISO 9000 and 22000 certified company)
Aayush Wellness Limited [BSE scrip code: 539528], established in 1989 is a pioneering name in health and wellness solutions, dedicated to offering products that merge wellbeing with innovation. With a steadfast commitment to quality and consumer well-being, Aayush Wellness continues to lead the industry in promoting healthier lifestyle choices through its diverse range of wellness products.
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Aayush Wellness Limited has reported a phenomenal surge in its financial performance for the quarter ended June 30, 2024. The company witnessed a staggering 6,300 per cent year-on-year growth in revenue, reaching Rs 111 lakh compared to Rs 17.35 lakh in the same period last year. This remarkable growth was accompanied by an impressive 183.56 per cent increase in profit after tax, which stood at Rs 25.49 lakh, up from Rs 8.98 lakh in the corresponding quarter of the previous year. Earnings per share also soared by 184 per cent to Rs 0.79 from Rs 0.28. The company attributed this exceptional performance to the expansion of its product portfolio and strong market response across its healthcare and wellness segments.
The company has a market cap of Rs 338.39 crore and it is debt-free. The stock gave multibagger returns of 310 per cent in 6 months and a whopping 3,150 per cent in 1 year. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.