4 Bonus Shares For 1, Record Date On February 28: Smallcap Textile Stock Gives All-Time Returns Of 20,507%

Bonus Issue: Textile products maker, Jindal Worldwide, will trend this week as the share price is set to turn ex-bonus on February 28. Ahead of the bonus, Jindal Worldwide shares gained by a whopping 11% in the past five sessions. Not just that, Jindal Worldwide also emerged as multi-bagger with its all-time gains of more than 22,500%. The stock is currently around Rs 375 levels.

Jindal Worldwide Share Price:

After market hours on February 25, Jindal Worldwide shares closed at Rs 375.05 apiece on BSE, up by 2.2%. With a market cap of Rs 7,520.52 crore, the stock is less than Rs 100 away from hitting its 52-week high of Rs 470.95 apiece. On Tuesday, the stock also touched the Rs 400 mark.

Jindal Worldwide's price-to-equity ratio is at 98.44x, while its return on equity is around 10.31%. Its weekly gains is about 11%. However, in the long run, the stock has made investors rich. In 5-years span, Jindal Worldwide's gains are a whopping 543.31% on BSE. But its all-time gains are humongous by 20,507.14%. Once upon a time, the stock was merely at Rs 1.82 apiece on BSE on February 16, 2001.

Jindal Worldwide Bonus Issue:

Jindal Worldwide has approved a bonus issue in the ratio of 4:1, meaning 4 (Four) new fully paid-up equity shares of Rs 1/- (Rupees One) each for every 1 (One) existing fully paid-up equity share of Rs 1/- (Rupees One) each held, to the eligible equity shareholders of the Company as on the record date, by capitalization of free reserves and/or securities premium account.

Last week, the company fixed Friday, 28th February 2025 as the "Record Date" for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares of the Company.

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.

About Jindal Worldwide:

A multi-faceted corporate force renowned for its accent on Quality, Fair business practices and Global vision, Jindal Worldwide has a dedicated workforce of around 3000 personnel. The group has a Government Recognized Export House that consists of one of the largest manufacturing capacity in India. Jindal Worldwide is the leader in Indian Textile Industries and is operating in Indian contingent as well as having its international collaboration.