Bonus Share To Buy: Multibagger Metal Stock Offering 2:1 Bonus, Record-Date Today

Shivalik Bimetal Controls announced to offer bonus shares in the 2:1 ratio, the record date is today, on October 13. The share price of the metal stood Rs. 454 a piece at the time of writing today. Hence, 1 bonus equity share of Rs. 2 each, for every 2 fully paid-up equity shares will be offered, on the record date. It is a small-cap multibagger stock with an above 145% upside in the past one year.

The company informed the stock exchanges, "We wish to inform you that pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Thursday, October 13, 2022, as the Record Date to determine eligible shareholders entitled to receive the Bonus Shares." Shivalik Bimetal is a company specialized in the joining of material through various methods such as Diffusion Bonding / Cladding, Electron Beam Welding, Solder Reflow and Resistance Welding.

Shivalik Bimetal - stock performance

In the last 5 days, the share of Shivalik Bimetal fell by 7.06%. However, in the past 6 months it has surged by 20.44%. In the last 1 year its share price has surged significantly by 147.75% a piece. Additionally, in the last 5 years its share price surged by 448.91% It is a small-cap IT stock with a market capitalization of Rs. 2,609 crore.

The 52-week high level of this stock is Rs. 506.67, and the 52-week low level of this stock is Rs. 174.40.

Market capitalization	Current market price	6 Months Upside	1 Year Upside
Rs. 2,609 crore	Rs. 454	20.44%	147.75%

Financial results

According to data available with NSE, in Q1 FY23, the company's total income stood at Rs. 9,993.56 lakh, as against Rs. 9,084.23 lakh in the previous quarter. The company's profit before tax or PBT was reported at Rs. 2,301.58 lakh in Q1 FY23, as against Rs. 1,769.82 lakh in Q4 FY22. The company's net profit was reported at Rs. 1,711.44 lakh in Q1 FY23, as against Rs. 1,327.09 lakh in Q4 FY22.

Disclaimer

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