3 Free Shares To Be Rewarded: Multibagger Small Cap Stock To Approve Allotment Of Bonus Shares

Small cap company engaged in construction sector, Grovy India Ltd shares will be in focus today as shares trade ex-bonus in the ratio of 3:1 implying shareholders will be awarded with 3 free shares for every 1 share held. The company fixed October 23, 2024 as the record date. Board of Directors of Grovy India will hold meeting on October 24, 2024 to consider and approve allotment of bonus equity shares. The last trading price of Grovy India shares on BSE stood at Rs 66.50 with decline of 4.93%. Earlier, Grovy India shares hit several back-to-back 52-week high and upper circuits. The company has a market capitalisation of Rs 88.69 crore. Check details below:

Grovy India Bonus Share Allotment Update: As per the exchange filing of Grovy India dated October 23, 2024, "this is to inform you that the meeting of the Board of Directors of the Company will be held on Thursday, 24th October, 2024 to consider and approve the following businesses:

1. To consider and approve the allotment of Bonus equity shares having face value of Re. 10/- (Rupee Ten Only) each in the proportion of 3:1 i.e. 3 (Three) new fully paid-up Bonus equity shares for every 1 (One) existing equity shares held by the Shareholders of the Company as on the Record Date determined by the Board (i.e. 23rd October, 2024)."

Grovy India Shares Performance: The 52-week high price of Grovy India shares on BSE is Rs 75.50 per share (as on 22/10/2024) and 52-week low price is Rs 19.75 per share (as on 02/11/2023). Grovy India shares gained 70% in last 1-month only, soared 176% in last 6-months, and offered return of 200% in last 1-year. In last 5-years, Grovy India shares gave stunning returns of 832%.

Grovy India About: Grovy India limited was established in the year 1985. It is engaged in the business of developing real estate properties. Grovy India is also a member of The Confederation of Indian Industry (CII), according to its official website.

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