Bonus Issue Today: Multibagger Diversified Stock Hits 52-Week High, Gains 14.81% In 1-Week

Small cap company operating in diversified sector, Grauer & Weil (India) Ltd shares today hit fresh 52-week high as Board of Directors are scheduled to hold meeting today to consider issuance of bonus shares. The company earlier declared Re 0.80 per share dividend in 2023 and shares traded ex-dividend on August 4, 2023. Last trading price of Grauer & Weil shares on BSE is Rs 199.40 apiece with intraday gain of 2.55%. Grauer & Weil stock jumped 67% in last 3-months and soared 110% in last 1-year. Check details below:

Grauer & Weil Shares Performance & Return: Grauer & Weil stock has been hitting back to back upper circuits for the last few days and witnessing spurt in volume too. Grauer & Weil shares hit upper circuits on February 22, February 23, and February 26, 2024. The company also issued clarification on spurt in volume. Grauer & Weil has a market capitalisation of Rs 4523.91 crore. Grauer & Weil shares jumped 49% year-to-date, gained 44% in last 6-months, and offered return of 268% in last 2-years. In last 3-years, Grauer & Weil stock zoomed 373%.

Grauer To Consider Bonus Share Today: As per the exchange filing dated Feb 21, 2024, "With reference to above and as required under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, February 26, 2024, interalia to consider Issue of Bonus Shares to the shareholders of the Company."

Grauer Financials: Grauer & Weil for the quarter ended December 31, 2023 announced a surge of 24.13% in its net profit to Rs 42.75 crore as against Rs 34.44 crore in the similar quarter of last year. Its net sales for the December 2023 quarter declared at Rs 285.03 crore, up 13.61% from Rs 250.89 crore in December 2022. The company's EBITDA surged 22.19% to Rs 63.92 crore, up 22.19% as against Rs 52.31 crore in December 2022. EPS of the company surged to Rs 1.89 for December 2023 quarter from Rs 1.52 in December 2022.

About: Grauer & Weil (India) Ltd. or Growel is a formidable player in the field of Electroplating & Specialty Chemicals and Engineering equipment. It has over 66 years of experience as a manufacturer of Chain Oil, Coolant Oil, Wire Drawing Oil, Gear Oil, Hydraulic Oil and many other products. Growel stepped into real estate development in 2005 and has developed a 475000 square feet Shopping Centre in the Western Suburbs of Mumbai. In 2007, it started manufacturing Protective Coatings & Industrial Lubricants and has become a One-Stop Solution Provider for the protection of various types of substrates across various industrial segments, according to its official website.

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The stock highlights the bonus issue and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.