1:1 Bonus Issue: Multibagger Small Cap Pharma Stock Under Rs 40 Hits Upper Circuit

Small cap pharmaceuticals sector stock priced under Rs 40, Veerhealth Care Ltd on August 14, 2023 considered and approved issue of bonus equity share in the proportion of 1:1 implying 1 fully paid-up equity share for every 1 fully paid up equity shares held. Last trading price of Veerhealth Care share is Rs 38.77 apiece. Veerhealth Care stock offered its shareholders 262% return in last 1-year. Check details below:

Veerhealth Care Announces Bonus Issue: According to the BSE filing of Veerhealth Care dated August 14, 2023, "Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you about the outcome of the Meeting of the Board of Directors of the Company held today i.e. August 14, 2023 as under: 1. The Board has approved and taken on record the unaudited Financial Results for the quarter ended June 30, 2023. 2. The Board has considered and approved to increase Authorized Share Capital from Rs. 20 crore to Rs. 31 crore and consequent Alteration in Memorandum of Association. 3. The Board has considered and approved issue of Bonus equity shares in the ratio of 1:1 i.e. 1 fully paid up equity share for every 1 fully paid up equity shares held and accordingly fix record date for the purpose of Bonus Issue. 4. The Board has approved Director's Report for the financial year ending 31st March, 2023."

Veerhealth Care Stock Performance & Return: Last trading price of Veerhealth Care share on BSE is Rs 38.77 apiece. Its 52-week high price is Rs 42.84 apiece and 52-week low price is Rs 10.00 apiece, respectively. It has a market capitalisation of Rs 38.77 crore. Veerhealth Care stock offered return of 82% in last 3-months, soared 62% YTD, gave return of 308% in last 2-years, and jumped 442% in last 3-years. In last 5-years, Veerhealth Care stock soared 274%.

Veerhealth Care Financial Performance: The small cap company for the financial year ended March 31, 2023 declared its standalone total income at Rs 4.01 crore, up 29.06% as compared to last quarter total income of Rs 3.11 crore. It announced its recent quarter net profit after tax at Rs 1.04 crore.

Veerhealth Care About: It came into existence in 1992 and operates in pharmaceuticals sector.

Disclaimer: The stock just 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 ay losses. Please consult a professional advisor.