Multibagger Stock Fixes 5:1 Bonus Share Record Date: Stock Up 148% In 6 Months

Punit Commercials recently announced a fully paid-up Bonus shares in the ratio of 5:1. The record date for the bonus has been fixed on November 09, 2022. The share price of Punit Commercials stood at Rs. 51.25 a piece on BSE till last traded.

The company informed the stock exchange, "With reference to the subject cited, this is to inform the Exchange that the Board of Directors of Punit Commercials Limited (Company) at its meeting held on October 04, 2022 considered the issue of fully paid-up Bonus shares in the ratio of 5:1 (that is, 5 bonus equity shares for every 1 equity share held) subject to the approval of the members of the Company in the Extraordinary General Meeting to be held on October 28, 2022. Further, please note that, the Board of Directors of the Company in its Board Meeting held on October 04, 2022 have authorized Mrs. Vinita Raj Narayanam, Managing Director of the Company to fix the Record date for the purpose of determining entitlement/eligibility of shareholders (Members) to receive the Bonus Shares, and accordingly, the record date has been fixed as Wednesday, November 09, 2022."

Punit Commercials - stock performance

The stock has surged by 47.06% in the past 1 month, and surged by 148.79% in the last 6 months. Additionally, the share price gained by 160.81% in the past 5 years. The 52-week high level of this stock is Rs. 51.25, and the 52-week low level of this stock is Rs. 20.60. This small-cap company has a market capitalization of Rs. 146 crore.

According to data available with BSE, in Q1 FY23, this company's Revenue stood at Rs. 0.03 crore, but its Net Profit stood at Rs. - 0.02 crore.

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