5:4 Bonus Shares Announced: Multibagger penny stock under Rs 100 jumps over 10 per cent on March 17
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 41.70 per share; 900 per cent in 3 years and a whopping 2,600 per cent in 5 years.
Gamco Limited has fixed Friday, March 21, 2025, as the record date to identify shareholders entitled to receive bonus equity shares. This distribution will occur in a 5:4 ratio, meaning five new fully paid-up Equity Shares of Rs 2 each will be issued for every four existing fully paid-up Equity Shares of Rs 2 each, and this information is provided for your official records.
On Monday, shares of Gamco Ltd jumped 11.7 per cent to Rs 86.60 per share from its previous closing of Rs 77.53 per share. The stock’s 52-week high is Rs 148 per share and its 52-week low is Rs 41.70 per share. The shares of the company saw a spurt in volume by more than 3.45 times on BSE.
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Gamco Limited, formerly Visco Trade Associates Ltd., established in 1983, operates as a non-deposit-taking Non-Banking Financial Company (NBFC), focusing on investment and trading of shares, alongside providing loans. Their core services include investing in various securities, such as shares, stocks, debentures, and bonds issued by Indian companies, and extending both short-term and long-term loans and advances to individuals and associations, secured by assets like land, buildings, machinery, shares, and government securities.
The company has a market cap of over Rs 200 crore. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 41.70 per share; 900 per cent in 3 years and a whopping 2,600 per cent in 5 years. Investors should keep an eye on this multibagger penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.