Multibagger Packaging Stock Declares Record Date For Bonus Issue, Shares Trading At 69% Discount From Highs

G.K.P Printing & Packaging Ltd has emerged as a renowned manufacturer in the field of packaging after coming into existence in 1994. The company has a market capitalization of Rs 139.55 crore at the time of writing the report (10:02 am).

The board of director of GKP Printing has fixed record date for bonus issue on September 7. Check key takeaways below:

G.K.P Printing & Packaging Announced Record Date For Bonus Issue

The board of directors of the company in its regulatory filing on September 7 mentioned, "In continuation to our intimation on outcome of Board meeting held on 01st Aug, 2022 pertaining to the recommendation of issue of Bonus Equity Shares in the Ratio of One (1) new fully paid up Bonus Equity Shares of Rs.10/- each for every one (2) existing fully paid Equity share of Rs. 1O/- each and subsequent to the approval of the shareholder of the Company at the duly held & convened Annual General Meeting on 05th Sept ,2O22, the Company has fixed Monday, 19th Sept, 2022 as the 'Record Date" to determine the eligible shareholders entitled to receive the Bonus Shares."

Therefore, the record date for bonus share has been fixed as 19th September 2022.

G.K.P Printing & Packaging Stock Outlook

The current market price of the stock is Rs 95.15 apiece with a decline of 4.99% in morning trading.

G.K.P Printing & Packaging Market Capitalization

The company has a market capitalization of Rs 139.55 crore.

G.K.P Printing & Packaging Return

The stock has given multibagger returns. In the last 5 years, the stock has given a return of 443%, in 3 years the return is 421%, and in the last 1 year it has given a return of 136%. The stock has fallen 64% in last 1 month.

G.K.P Printing & Packaging 52 Week High/Low

The stock's 52-week high is Rs 310 apiece and 52-week low is Rs 38 apiece, respectively.

About GKP Printing & Packaging Ltd

G.K.P Printing & Packaging Ltd. was established in the year 1994 with a vision to become one of the leading manufacturers in the world of packaging. A dedicated team for manufacturing and quality assurance personnel at G.K.P Printing & Packaging Ltd. ensures timely supplies and quality that invariably exceeds client expectation. It is one of the leading manufacturers and exporters in India of cardboard boxes, corrugated boxes, display boxes, mailer boxes, labels, stickers, tags, inserts & leaflets, mono carton etc, according to its website. G.K.P Printing & Packaging Ltd. caters to various industries such as garment exports, Steel utensils, Playing Cards, Liquor , Toys, Pharma, Printers, Engenering, Confectionery and FMCG.