Bonus issue: Only buyers in this company that climbed over 50 per cent in just five days!
The stock generated fantastic returns of 80 per cent in just one month!
The Indian domestic indices had an optimistic start to the session. The markets were boosted by gains in the banking, finance, and auto sectors. More than 300 stocks were locked in the upper circuits while nearly 200 were trading at their 52-week high. Meanwhile, the top gainer on BSE was Kaarya Facilities & Services Limited.
On an intraday basis on Thursday, the shares of Kaarya Facilities & Services rallied and got locked at a 20 per cent upper circuit at Rs 36 per share on BSE, touching a new 52-week high. The stock generated fantastic returns of 80 per cent in just one month and soared more than 50 per cent in just five days!
This surge in the shares of the company was caused by the announcement that the board of directors had recommended issuing bonus shares to shareholders by capitalising reserves in the ratio of one bonus equity share worth Rs 10 per share for every existing equity share held by the shareholders as of the record date (i.e. in a proportion of 1:1). The company has set the record date as October 5, 2022.
Kaarya Facilities & Services is a leading integrated asset and facilities management company. It offers a wide range of services, including facade cleaning in addition to specialised cleaning & hygiene services, housekeeping, pantry, pest control, landscaping, and guest house management.
Keep a close eye on this stock for the upcoming sessions!