3 Multibagger Stocks To Consider Bonus Share & Stock Split Soon: Do You Own Any?

NINtec Systems, Sunrise Efficient Marketing and Mena Mani Industries are three companies that have provided the shareholders with multibagger gains. In addition to being Dalal Street multibagger stocks, these two firms will shortly entice the shareholders and prospective buyers by announcing bonus shares and stock split.

NINtec Systems

The Board of Directors of the company said in a stock exchange filing that "please note that the meeting of the Board of Directors of NINtec Systems Limited is scheduled to be held on Monday, 19th June, 2023 at 03.30 P.M. at the Registered office of the company at B-11, Corporate House, Bodakdev, Ahmedabad-380054, Gujarat to transact the following business - 1. To consider increase in Authorized capital of the Company; 2. To consider the proposal for issue of Bonus shares to the existing shareholders of the Company; 3. To consider and transit any other business which may be placed before the Board with the permission of the Chairman."

The shares of NINtec Systems were locked in upper circuit limit of Rs 529.95 apiece on BSE up by 5% from the previous close of Rs 504.75. The stock touched a 52-week-high of Rs 549.05 on (08/06/2023) and a 52-week-low of Rs 33.95 on (13/06/2022). The stock price climbed from Rs. 11 to the present market price during the past five years, resulting in a multibagger return of 4,577%. The stock price jumped from Rs 8 to the current market price during the past three years, resulting in a multibagger return of 7,732%. The stock price soared from Rs 33.95 to the current market price over the past year, resulting in a multibagger return of 1,461%. According to BSE statistics, the stock price went up from Rs 257.50 to the current market price on a year-to-date basis, resulting in a multibagger return of 105.81% so far in 2023.

Sunrise Efficient Marketing

"We wish to inform you that a Meeting of the Board of Directors of the Company is scheduled to be held on Monday, 03rd July 2023 at 1:00 P.M. at the Registered Office of the Company situated at Sub Plot No.2, Block B, Akash Bhumi Complex Village Pandesara, Surat 394221 inter alia, to transact following major businesses: 1. To discuss, consider and approve Issue of Bonus Shares to the equity shareholders of the Company. The Company will inform in due course, the "Record Date" for determining shareholders entitled to receive Bonus Shares," said Sunrise Efficient Marketing in a stock exchange filing.

The stock is curretky trading on the BSE at Rs 272.95 apiece with an upside gap of 4.98% from the previous close of Rs 260.00. The stock price climbed from Rs 99 to the current market price during the course of the last year, recording a multibagger return of 175.71%; on a year-to-date basis, it grew from Rs 172.15 to the current market price, recording a multibagger return of 58.55% so far in 2023.

Mena Mani Industries

"The Board of Directors of the Company is scheduled on 12/06/2023 ,inter alia, to consider and approve 1. To fix date, time and venue for conducting the Extra Ordinary General Meeting of the Company and approving draft notice thereof. 2. To consider a proposal for sub-division / split of the Equity shares of the Company having a face value of Rs. 10/- each, subject to such regulatory/statutory approvals as may be required, including the approval of the shareholders of the Company. 3. To consider consequential amendment to the capital clause of Memorandum of Association of Company. 4. To appoint a Scrutinizer to scrutinize the e-voting process in a fair and transparent manner for the Extra Ordinary General Meeting to be held. 5. Any other agenda with the permission of Chair," said Mena Mani Industries in a stock exchange filing.

On BSE, the shares of Mena Mani Industries were locked in the upper circuit limit of Rs 41.71 apiece up by 5% from the previous close of Rs 39.73. The stock price climbed from Rs 15.70 to the current market price over the past five years, resulting in a multibagger return of 165.67%. The stock price jumped from Rs. 12.25 to the current market price over the past year, resulting in a multibagger return of 240.49%. The stock price went up from Rs 14.30 to the current market price on a YTD basis, resulting in a multibagger return of 191.68% so far in 2023, and from Rs 16.57 to the current market price during the last month, resulting in a multibagger return of 151.72%.