Multibagger Stocks Give Out Bonus Stocks at a 1:2 Ratio: Key Findings to Keep in Mind

With a market capitalization of 182.04 crore, Veeram Securities Ltd. is a small cap company engaged in the consumer discretionary industry. The Company is a retailer, wholesaler and distributor of jewelry and accessories. The company’s traditional gold and silver jewelry and ornaments are made of either kundan, precious stones, etc., or simply pure gold or silver. Investors must be informed that the Company’s board of directors has issued bonus shares at a ratio of 1:2.

The company stated in a regulatory filing that “the board has decided to issue bonus shares at a ratio of 1:2, ie one share for two shares, as of the date decided by the board, subject to shareholder approval at the annual general meeting. The Board authorized Mr. Girdharilal Pamnani to handle all matters related to applications and approvals from the RBI and any other authority to commence activities as an NBFC and then to obtain a banking license.”

Veeram Securities Ltd. shares on the BSE ended on Friday at 36.10, down 5.00% from the previous close of 5 per share. The share price went down 3.93 on Jan 6, 2017 to current levels, representing a multibagger return and an all-time high of 818.58%. The share price has risen from 5.09 as of August 31, 2017 to its current five-year level, representing a multibagger return of 609.23%. The share price shot up 17.71 on Aug. 23, 2021 to last year’s share price for a multibagger return of 103.84%. On a YTD basis, the stock is up 84.65% in 2022 so far and over the last 6 months the stock is up 44.11%. In the last 1 month, the stock has gained 2.41%, but in the last 5 trading sessions, the stock has fallen 18.42%. On the BSE, the stock had touched a 52-week high of 57.05 on 08/04/2022 and a 52-week low of 12.80 on 05/13/2022, indicating that at the current market price of On 10/36, the stock is trading 36.72% below the 52-week high and 182% above the 52-week low.

Get all the business news, market news, breaking news and latest news updates on Live Mint. Download the Mint News app for daily market updates.

More less

Subscribe to something Mint newsletter

* Enter a valid email address

* Thank you for subscribing to our newsletter.

Comments are closed.