Aayush Wellness, multi-bagger penny stock, has turned ex-date on Thursday, December 26, 2024, for its bonus issue in the ratio of 1:2. Meaning, the stock will allot 1 free share on the existing 2 pieces. The latest bonus comes after the stock split for the first time in August 2024, in the ratio of 1:10. Notably, Aayush Wellness has continued to hit back-to-back lower circuits for two consecutive days, taking a breather from its 91 upper circuits of 2% each in 91 sessions before December 24th.
Aayush Wellness Share Price:
Aayush Wellness's share price closed at a 2% lower circuit on BSE, on its ex-bonus date, to Rs 132.75 apiece, with a market cap of Rs 646.16 crore. This is the second consecutive session, the stock has touched a 2% lower circuit.
During the December 24th trading session, Aayush Wellness stock halted its winning streak to hit a 2% lower circuit. The market was closed on December 25th due to Christmas.
Prior to the ex-bonus date, on December 23, the stock touched its 2% upper circuit at Rs 207.20 apiece on BSE, with a market cap of Rs 672.36 crore. This was Aayush Wellness' 91st upper circuit in less than 5 months. That means the stock price has been hitting back-to-back 2% upper circuits since August 12, 2024.
From August 12th to December 23rd, there have been 91 trading sessions, and Aayush Wellness has been hitting upper circuits throughout these sessions. Upper circuits usually mean that there were several buyers but no sellers in the stock.
Notably, Aayush Wellness entered into a robust winning streak since August 2nd, skyrocketing by 609.8% on BSE in less than 5 months till December 23rd. It needs to be noted that these prices were adjusted after the stock split.
Now, also adjusted to the bonus issue ratio, Aayush Wellness shares are at Rs 132.75 apiece, which is still near its 52-week high of Rs 138.24 apiece despite the latest drop. The stock has given multi-fold returns by 4,224.10% from its 52-week low of Rs 3.07 apiece. The stock's return on equity is at 22.60%.
Aayush Wellness Bonus Issue:
The company turned in ex-bonus on December 26th for its bonus issue in the ratio of 1:2, which would mean that it will reward investors with 1 free share on existing 2 equity shares. December 26 is also the Record Date for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares.
In general terms, it takes about 15 days for bonus shares to be credited to the demat account. Bonus shares are one of the many corporate actions that listed companies announce on several occasions. Bonus shares are like incentives which are free of cost given to investors. Under this corporate action, new shares are issued at the existing Face Value of equity shares of the company. Hence, the face value remains the same post-bonus issue.
Aayush Wellness Stock Split:
The latest bonus issue comes after Aayush Wellness carried its stock split in August month. The company's shares face value of Rs 10 each has been split to Rs 1 each, in the ratio of 1:10. The ex-date for split was on August 5, 2024.
Aayush Wellness Other Updates:
Earlier this week, Aayush Wellness announced its decision to expand its business presence in the $19.43 billion Wellness Tourism market in India and abroad.
The company plans to deploy upto Rs. 30 crores over the next two years and shall partner and work with government, tourism promotion boards as well as private businesses to offer wellness retreats, treatments, and programs through world-class wellness centers that seamlessly blend traditional practices such as yoga, meditation, and Ayurveda with modern wellness innovations.
These retreats and centers will offer a range of personalized services, including therapeutic yoga sessions, guided meditation programs, Ayurvedic treatments, spa therapies, wellness workshops, and nutritional counseling. Designed to deliver transformative experiences, they aim to rejuvenate individuals, promote holistic well-being, and inspire healthier lifestyles in an environment of tranquility and care, as per the filing.
About Aayush Wellness:
Aayush Wellness, established in 1989 is a pioneering name in health and wellness solutions, dedicated to offering products that merge wellbeing with innovation. We are India's smart nutrition company committed to offer quality and Services to enhance the consumer well-being. Aayush Wellness continues to lead the industry in promoting healthier lifestyle choices through its diverse range of wellness products and services.
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