Don't miss action in this multibagger stock that has announced bonus shares and stock split!
The stock gave multibagger returns of 170.78 per cent in just 1 year whereas BSE small-cap index is down by 2.94 per cent.
On Tuesday, one of the Top Gainers on BSE, shares of Kenvi Jewels Ltd surged and reached to Rs 64.85 per share from its previous closing of Rs 61.77 after being locked in a 5 per cent upper circuit. The stock also traded at a new 52-week high of Rs 64.85 per share. The stock hit back-to-back upper circuits and 52-week highs in the recent trading sessions.
Kenvi Jewels informed BSE that The Board of Directors of the company approved for stock split (sub-division of equity shares) of the company's 1 equity share of the face value of Rs 10 each into 10 equity shares of the face value of Rs 1 each and issuance of bonus issue of equity shares in proportion of 01 equity share of Rs 01 each for every 04 equity shares of Rs 1 each held by the shareholder of the company as on record date.
Incorporated in 2002, Kenvi Jewels Ltd is in the business of manufacturing, wholesaling and retailing jewellery. The designing of jewellery is done in-house which is manufactured at its manufacturing unit.
Talking about the financials, Kenvi Jewels has a market cap of Rs 65.57 crore. The company has reported positive numbers in its Quarterly Results and annual results.
The stock gave multibagger returns of 170.78 per cent in just 1 year whereas BSE Small-Cap index is down by 2.94 per cent. Investors should keep an eye on this gems & jewellery stock.