1:1 Bonus Issue: Multibagger Small Cap Stock Hits Upper Circuit For 4th Trading Session

Small cap stock operating in textile sector, Advance Lifestyles Ltd hit its fourth upper circuit in fourth straight trading session. Last trading price of Advance Lifestyles share is Rs 89.01 apiece with intraday gain of 4.99%. Advance Lifestyles stock offered shareholders return of 98% in last 3-months and offered return of 123% in last 1-year. Board of Advance Lifestyles on September 8 recommended bonus issue in the ratio of 1:1. Check details below:

Advance Lifestyles Announced Bonus Issue: According to the BSE filing of Advance Lifestyles dated September 8, 2023, "We would like to inform you that the Meeting of the Board of Directors of Advance Lifestyles Limited was held on Friday, September 08th, 2023 for consideration of the following business mentioned below:

The Board of Directors recommended the Bonus Issue of Equity Shares in the ratio of 1:1 [i.e. 1 (One) fully paid up equity share for every 1 (One) equity share held to the shareholders of the Company as on Record Date as may be determined by the board of director(s), subject to the approval of the shareholders in AGM."

Advance Lifestyles Stock Outlook & Return: Last trading price of Advance Lifestyles stock on BSE is Rs 113.00 per share on BSE. Its 52-week high price is Rs 113.00 per share and 52-week low price is Rs 31.50 per share, respectively. The company has a market capitalisation of Rs 27.71 crore.Advance Lifestyles stock rallied 24% in last 1-months, soared 88% YTD, gained 125% in last 2-years, and rallied 242% in last 5-years.

Advance Lifestyles About: Advance Lifestyles is engaged in businesses of textile mills, trading of cloth, and property construction. It was incorporated as a Private Company Limited by shares on 18th Day of August, 1988 under the provisions of the Companies Act, 1956 under the name of New Ahmedabad Advance Mills (1988) Private Limited. Later on it became a Public Company.

Disclaimer

The stock just highlights the bonus share 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.