Bonus Share: Multibagger Stock Revises Record Date For Bonus, Stock Rallies 180% In 6 Months

Bonus shares are additional shares that are by a listed company to its current shareholders as fully paid shares free of cost. Multibagger stock, Atam Valves recently informed the stock exchange that its board has revised the record date for issuing the 1:1 bonus shares to the shareholders. From October 12, the company has revised its record date for the bonus shares to October 24. The share price of Atam Valves on BSE closed at Rs. 355.95 a piece, up by 4.31% in trade today. It is one of the top-performing small-cap stocks on BSE.

Atam Valves is also a dividend-paying stock. The small-cap company offered an Rs. 2 final dividend for FY22, its ex-dividend date was on September 23, according to BSE filing.

Atam Valves is one of the leading manufacturers of Industrial & Plumbing Valves and Fittings, known for innovation and product quality. The company got listed on BSE (Bombay Stock Exchange) in October 2020.

Atam Valves - stock performance

The stock has surged by 19.05% in the past 5 days, and surged by 180.50% in the last 6 months. Additionally, in the last 1 year its share price gained sharply by 626.43%, and gained by 789.88% in the past 5 years. The 52-week high level of this stock is Rs. 370, and the 52-week low level of this stock is Rs. 37.25. This small-cap company has a market capitalization of Rs. 146 crore.

The company informed BSE, "Please refer to earlier intimation dated 29th September 2022, keeping October 12, 2022 as the record date for Issue of Bonus Equity Shares, this is to inform you that the Company has revised the Record Date to Monday, October 24, 2022 as the 'Record Date' for the purpose of ascertaining the eligibility of Shareholders entitled for issuance of fully paid up Bonus Shares in the ratio of 1:1 (i.e. issue of 1 (One) equity share for every existing 1 (One) equity shares held of Rs. 10 each as on the above -mentioned record date)."

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