1:2 Bonus, Record Date - December 26; Penny Stock Hits 91 Upper Circuits In 91 Sessions, 3,766% Returns YTD

Aayush Wellness, a packaged foods company trading as a penny stock, has emerged as a success story in 2024, with back-to-back upper circuits to giving more than 600% returns to investors. To be precise, Aayush Wellness has touched 91 upper circuits in 91 sessions in a row, while the stock has not fallen since August 9, 2024. The robust upside comes after its first-ever stock split of 1:10 ratio in August. Notably, the rewards by Aayush Wellness are only going to be sweeter as the company will turn to ex-date after Christmas for its bonus issue as well.

Aayush Wellness Share Price:

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. The current price level is also at its new all-time high level after its first sub-division.

Also, this is 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 has been on a winning streak since August 2nd, skyrocketing by 609.8% on BSE in less than 5 months. The last time the stock saw a red tone was on August 1, 2024, when its price level was at merely Rs 29.19 apiece. It needs to be noted that these prices were adjusted after the stock split.

YTD, Aayush Wellness stock has advanced by a mind-boggling 3,765.67% on BSE. The stock was around Rs 5.36 level at the start of January 2024. However, amidst the strong bullish trend, Aayush Wellness' price-to-equity ratio is high at 488.28x, while its return on equity is healthy at 28.02% as of December 23, 2024.

Aayush Wellness Bonus Issue:

The company has announced a 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. For this bonus, the company fixed Thursday, December 26, 2024, as the Record Date for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares.

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 upcoming 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 Stock Recommendations:

As per MarketsMojo, in terms of moving averages, Aayush Wellness is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a robust performance trajectory. Over the past year, the company's stock has surged by an extraordinary 4359.87%, significantly outpacing the Sensex, which has recorded a performance of 10.55%. The recommendation on the stock is HOLD.

About Aayush Wellness:

Established in 1989 and listed on the Bombay Stock Exchange (BSE), Aayush Wellness Ltd. is a leader in the health and wellness industry. Its vision has always been to provide superior health and food products. The company offers advanced nutraceuticals, dietary supplements, functional foods, and therapeutic solutions, all meticulously crafted to enhance well-being and impact global health.