1:4 Bonus, 1:10 Stock Split Approved: Small Cap Stock Under Rs 60 Rallies 434% In 2 Yrs

Small cap stock operating in Gems and Jewellery sector, Kenvi Jewels Ltd approved bonus issue and sub-division of shares on March 17, 2023. It approved 1:4 bonus share and 1:10 stock split. The stock's last trading price is Rs 58.83 apiece on BSE. It hit upper circuit in trade today with gain of 5.00%. The stock also traded its new 52-week high price. Check details below:

Kenvi Jewels Ltd Approves Stock Split, Bonus Issue: According to the BSE filing of the company, "Approval for stock split (sub-division of equity shares) of Company's 01 (One) equity share of face value of Rs. 10/- each into 10 (Ten) equity shares of face value of Rs. 01/- each, subject to the approval of shareholders to be obtained by Postal Ballot and other approvals as may be required. Issuance of Bonus issue of equity shares in proportion of 01 (one) equity share of Rs. 01/- each for every 04 (Four) equity shares of Rs. 01/- each held by the shareholder of the Company as on record date, subject to the approval of shareholders by Postal Ballot."

Kenvi Jewels Ltd Stock Performance & Return: The last trading price of Kenvi Jewels is Rs 58.83 apiece with 5.00% intraday rally. The stock's 52-week high price is Rs 58.83 apiece and 52-week low price is Rs 20.20 apiece, respectively. The stock gave return of 46% in last 6-months, 194% in last 1-year, 434% in last 2-years, and 385% in last 3-years.

Kenvi Jewels About: Kenvi Jewels is engaged in the business of manufacturing and retailing of jewellery. It is also engaged in the wholesaling and trading of gold jewellery. It sells gold jewellery manufactured with or without studded diamonds, precious, and semi-precious stones. It came into existence in 2013.

Disclaimer: The stock approved bonus issue and stock split today. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.