Multibagger from its 52-week low; Board announced bonus shares!
The stock is up by 30 per cent in 1 month and over 50 per cent in 3 months.
Kamdhenu Ventures Limited informed that a meeting of the Board of Directors of the company was held on Wednesday, June 28, 2023 and has considered, approved and recommended a bonus issue of 1 (One) bonus equity share (fully paid‐up) of Rs 5 each for every 1 (One) existing equity shares of Rs 5 each, held by the shareholders in the company, as on the record date. The Record Date for determining the entitlement of the Equity Shareholders w.r.t the Bonus issue shall be intimated separately in due course.
On Wednesday, shares of Kamdhenu Ventures zoomed 11.18 per cent to make a new 52-week high of Rs 286 per share. At the closing bell, the shares were trading at Rs 282.20 per share, up 9.70 per cent.
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Kamdhenu Ventures Limited operates as a paint company. The Company offers dual paint, designer series, exterior emulsion, acrylic washable distemper, wood coating products, and waterproofing solutions. Kamdhenu Ventures serves clients in India. The company has a market cap of Rs 887.11 crore.
The shares of the company saw a spurt in volume by more than 2 times on BSE. The stock gave multibagger returns of 127.17 per cent from its 52-week low of Rs 125.60 per share. The stock is up by 30 per cent in 1 month and over 50 per cent in 3 months. Investors should keep an eye on this micro-cap stock.