Multibagger in just 1 year: Board announced bonus shares and stock split; don't miss the record date!
The stock is up by 48 per cent in just 1 month.
Hardwyn India Ltd announced that the Board of Directors of the company has approved bonus shares in the ratio 1:3 and a stock split in the ratio 10:1, which means that as of the record date the shareholders of the company will receive 1 equity share of Rs 10 each will be sub-divided /stock split into 10 equity shares of the face value of Rs 01 each and after the stock split the shareholders will receive 1 equity share of Rs 1 each for every 3 existing equity shares of Rs 1 each.
The company fixed the record date for the bonus issue and stock split as Monday, June 05, 2023.
On Tuesday, shares of Hardwyl India Ltd surged 0.47 per cent to Rs 365.60 per share from its previous closing of Rs 363.90 with an intraday high of Rs 373 and an intraday low of Rs 363.50. The stock gave multibagger returns of 133 per cent in just 1 year.
Hardwyn India Ltd is a manufacturer of architectural hardware and glass fittings, which provides complete solutions to residential and commercial structures.
Hardwyn India has a market valuation of Rs 956.64 crore and 3 years CAGR of more than 250 per cent, according to the financials. Over Q3FY22, net sales increased by 30 per cent and net profit increased by 230.30 per cent in Q3FY23. In FY22, net sales increased by 47.37 per cent, while net profit increased by 50 per cent over FY21.
The stock has an ROE of 40.06 per cent and a ROCE of 31.25 per cent. Additionally, the stock is up by 48 per cent in just 1 month.
Investors should keep an eye on this Small-Cap stock.