Multibagger small-cap stock to issue bonus shares soon; don't miss out the record date!
Are you an avid Small-Cap investor looking for the next big opportunity? If so, you won't want to miss out on this news of Vardhman Special Steels Ltd (VSSL). This small-cap stock has made an astounding move from the March 2020 lows, delivering gains of over 1100 per cent and becoming one of the top performing multibagger stocks in recent years.
As of April 2023, VSSL is trading at over Rs 400, up from low of Rs 34.08 in March 2020. On Wednesday alone, the stock jumped over 5 per cent to reach a fresh 52-week high of Rs 423.50.
VSSL is a leading producer of special steels, serving diverse requirements of automotive, engineering, tractors, bearings and allied industries. It also caters to select customers for forging applications in international markets, including Thailand, Taiwan, Turkey, Italy, Russia, Germany, Vietnam and Japan.
The real exciting news for VSSL is yet to come. Last month, the company announced its partnership with Toyota's global supply chain to start mass production of steel. And on Wednesday, April 12, 2023, the Board of Directors will hold a meeting to consider and approve the proposal for issuance of bonus shares to the equity shareholders of the company.
This announcement could be a game-changer for VSSL investors, as bonus shares can unlock additional value for shareholders and potentially boost the stock price. If you're excited about the potential for VSSL's bonus shares, let us know in the comments section.