1:1 Bonus Shares: Multibagger Specialty Chemicals Stock Approves Bonus Shares, Up 834.81% In 2 Yrs

The Board of Directors of Tinna Rubber and Infrastructure Ltd. in its meeting held on Saturday, July 29, 2023, approved the issue of bonus shares in the proportion of 1:1 i.e. 1 bonus equity share of Rs. 10 each for every 1 fully paid equity share of Rs. 10 each held as on record date. The approved 1:1 Bonus Shares are subject to approval by the shareholders of the company.

Tinna Rubber and Infrastructure Ltd. is a Specialty Chemicals Company. It is a small-cap company having a market cap of Rs 623.30 Crore.

1:1 Bonus Shares

According to the exchange filing by the Board of Directors of Tinna Rubber and Infrastructure Ltd., "Issue of Equity Bonus Shares in proportion of 1:1 i.e. 1 (One) equity share of Rs 10/- each for every 1 (One) existing equity share of Rs 10/- each held by the shareholders of the Company as on record date, subject to the approval of shareholders at the ensuing annual general meeting and other statutory/regulatory approvals, consents, permissions, conditions, and sanctions, as may be necessary. In this respect, the record date shall be decided by the Board post approval of the shareholders and thereafter shall be intimated to the Stock Exchanges."

Stock Overview

On Friday, the shares of Tinna Rubber and Infrastructure after hitting two consecutive 52-week-high, declined 11.30% to close at Rs 727.75 per share. It touched an intraday high of Rs 848 and an intraday low of Rs 712 on BSE. The stock 52-week high at Rs 848 per share, while its 52-week-low at Rs 325 per share.

The stock fall 0.14% in the past 1 week, while gained 38.69% in the past 1 month. It gained 68.15% in the past 3 months and 90.49% in the past 6 months, respectively. It gave 112.14% multibagger return in the past 1 year, 834.81% in 2 years, 3292.77% in 3 years, and 1492.45% in 5 years, respectively.

Disclaimer- The stock just highlights the Bonus Shares 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.