Latest News
-
Gold Prices In US: Yellow Metal Rates Surge Amid Escalating Tensions In Middle East; Hit Record High -
Jio Financial Services Sees 80% YoY Decline In Q4 Net Profit, Net Interest Income Dives 70% -
Rs 25/Share Dividend Payout: Multibagger Small Cap Tata Stock Declares 52.6% Jump In Q4 PAT -
Wipro Q4 Results: Cons PAT Up 5% QoQ To Rs 2,834.6 Crore, Revenue Guidance Weaker Than Estimates -
How To Apply Your Voter ID Card Online: Quick Guide For Indian Citizens -
Emmforce Autotech IPO Debut April 23: Issue Size, Price Band, Check Details? -
1:5 Stock Split: PSU Bank Fixes Record Date For First Ever Stock Split; Buy For Rs 650-680 Targets -
Closing Bell: Market Stages Smart Recovery, Sensex & Nifty Snap 4-Day Losing Streak Led By HDFC Bank -
Hindustan Zinc's Quarterly Profits Dive 21% Amid Global Metal Price Slump, Shares Plummet; Buy Or Not? -
IRFC, RVNL, IRCTC, Railtel: Railway Stocks In Focus As Election Polls Begin; Mega Rs 10-12 Lakh Crore Plan
This Small Cap Multibagger Stock Announces Bonus Share Issuance: Check Details
Bonus shares are issued for free to the existing shareholders in a certain proportion. Say if the shareholder has 1 share in a company he/she may be allotted 2 more shares for every 1 share held by him or her. Post the bonus issue, there are a number of important changes i.e. number of outstanding shares of the company issuing bonus shares increase, the share price decreases in proportion to the number of bonus shares issued, reserves and surplus of the company is reduced etc.
Likewise, here is a multibagger small cap stock Yug Decor that has announced bonus share issue:
Bonus share issue details:
The specialty chemicals company in its board meet held today approved bonus share issue in the ratio of 1:2. The filing by the company said, "issue of 1 Bonus Share for every 2 Shares held by the equity Sharcholders as on the record date. The bonus issue of equity shares is subject to the approval of the shareholders and other applicable statutory and regulatory approvals, as may be required. The company will intimate the record date in for determining eligible shareholders entitled to receive bonus shares, in due course.
Other important details concerning the bonus issue:
As per the details on the bonus issue, the company's filing clarified that these bonus shares shall be issued from both the profits as well as share premium account.
With regard to the share capital detail i.e. pre and post bonus: Pre-bonus issue- The company's share capital as on the date of the letter is Rs. 4,15,97,660 consisting of 41,69,766 Equity shares of Rs. 10 each. And post-bonus issue-the company's capital will be Rs. 6,25,46,490 consisting
of 62,54.649 equity shares of Rs. 10 each.
Further it is estimated that these bonus shares shall likely be credited within 2 months from the date of the board meeting i.e. today.
Share price trajectory
The BSE listed scrip of Yug Decor is a multibagger with 1-year return of 144%. The scrip on August 16 last year was priced at Rs. 23.3 and in session today closed at Rs. 56.95 per share. 52-week high and low of the stock is Rs. 63.55 and Rs. 22 per share, respectively.
About Yug Decor:
Yug Decor is a small cap company engaged in the manufacture of all adhesives including contact adhesive, PVA glue, wood glue and shoe glue. The company's adhesives are available under the brand name of Yug-Col. The company is managed by Chandresh S. Saraswat who has a vast experience of 34 years in production and marketing of adhesives and plywood industry goods. The company also exports its premium adhesive globally including Asia, Europe and Africa. The company has many clients in Bangladesh , Dubai , Saudi Arabia , Ethiopia , Iraq, Mozambique, Nepal, Sri Lanka, Tanzania and Yemen.
GoodReturns,in
Disclaimer:
The stock is discussed for its bonus share announced today. Readers should not construe the story as an investment advice into the stock.
GoodReturns.in
