1:1 Bonus Issue: Multibagger Small Cap Textile Stock Locked In Upper Circuit

Shares of small cap textile stock, Advance Lifestyles Ltd on Monday hit upper circuit with the gain of 5% after its Board approved bonus issue in the proportion of 1:1. Current market price of the textile sector small cap stock is Rs 76.91 per share on BSE. Advance Lifestyles shares soared 63% YTD and soared 102% in last 1-year. Advance Lifestyles stock witnessed more than 1.04 spurt in volume in trade today. Check details below:

What is bonus share?

These are additional shares given to the existing shareholders without any extra cost, on the basis of the number of shares that a shareholder holds. Bonus shares are company's accumulated earnings which are not given out in the form of dividends, but are converted into bonus shares of free shares.

Advance Lifestyles Recommended Bonus Issue on September 8: According to the BSE filing of Advance Lifestyles dated September 8, "c) 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 is Rs 76.91 per share with intraday rally of 5.00% 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 23.94 crore. Advance Lifestyles stock surged 76% in last 2-years, gained 100% in last 3-years, and jumped 195% in last 3-years, and rallied 53% in last 3-months only.

Disclaimer

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