This multibagger SME stock declares a record date for bonus shares; do you own it?
The promotors hold around 73 per cent of the shares.
Pulz Electronics develops and manufactures high-quality audio systems and solutions that capitalize on the emergence of new Co-Axial technology and line array-based speaker systems for the cinema Pro Audio Studio and Home Audio Industries.
The promotors hold around 73 per cent of the shares. The stock has experienced a rapid upward movement in the recent time to reach a price of Rs 104.15 per share, during this time, volumes were also fairly high. The price has now exceeded the range on the higher side, and from here we can see the stock reaching a new high. The total market cap of the company is Rs 56.78 crore.
Pulz Electronics Limited has informed the exchange that the record date for bonus shares is March 1, 2023. The bonus will be given in the ratio of 1:1 on the face value of Rs 10 per share. Pulz Electronics has no debt i.e., it is a debt-free company. The share price has been stable over the past 3 months. The current net profit stood at Rs 1.31 crore higher than last year's loss of Rs 0.32 crore. The net cash flow also was positive and stands at Rs 1.46 crore as compared to last financial year's negative cash flow of Rs 1.16 crore.
This multibagger stock has increased by about 150 per cent over the past six months, going from a price of Rs 41.65 to Rs 104.15 per share. This multibagger stock has appreciated by 234 per cent over the past one year, rising from a price of about Rs 31.15 per share.
Investors should keep an eye on this multibagger stock.