10:1 Stock Split, 2:3 Bonus Share: Jewellery Stock Hits Upper, Lower Circuit

Veerkrupa Jewellers Ltd has given approval to bonus issue and stock split on February 9, 2023. The jewellery stock approved bonus share in the ratio of 2:3 and sub-division of share in the ratio of 10:1. The stock rallied 105% in just a span of 3 months. Check details below:

1. Veerkrupa Jewellers Approved Bonus, Stock Split

According to the BSE filing of the company, "Board of Directors of the Company was held on Thursday, 09th February, 2023. In the meeting the Board has decided the following matters: 1. The Board has considered and approved issue of Bonus Shares in the ratio of 2 bonus shares for every 3 existing shares to the shareholders and has also approved Split of nominal value of 1 (one) equity share of Rs. 10/- (Rupees Ten) each into 10 (Ten) equity shares of Rs. 1/- (Rupees One) each subject to necessary permissions and approvals."

2. Veerkrupa Jewellers Stock Performance & Return

The stock hit upper circuit and lower circuit in trade on Friday (February 10, 2023). The stock hit upper circuit at Rs 135.80 apiece and lower circuit at Rs 122.90 apiece, respectively.

The last trading price of the stock is Rs 133.15 apiece with an intraday gain of 2.94%. The stock's 52-week high is Rs 136.15 apiece and 52-week low is Rs 24.40 apiece, respectively.

The company has a market capitalisation of Rs 104.70 crore.

3. Veerkrupa Jewellers About

The Company was incorporated as Veerkrupa Jewellers Private Limited on September 13 2019. Subsequently, its name got changed from Veerkrupa Jewellers Private Limited to Veerkrupa Jewellers Limited under the Companies Act 2013.

The business was founded by Promoters Mr. Chirag Arvind Shah and Neha Chiragbhai Shah who together had experience in the jewellery industry.

Disclaimer

The stock gives details about upper circuit and lower circuit. 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.