13:10 Bonus Issue, 1:10 Stock Split: Multibagger Small Cap Stock Announces Today

Small cap stock, Vinny Overseas Ltd has declared stock split and bonus issue today. The company has yet to announce record date for stock split and bonus share. It has already delivered multibagger returns in a short span of time. In last 3-months, the stock has given 237% return. Soon after the announcement, the stock rallied 4.98% to Rs 188.55 apiece. Check key details pertaining to the textile stock:

1. Vinny Overseas Announces Stock Split, Bonus Share

Vinny Overseas held a meeting of board of directors on January 16, 2023. The following announcements were made:

Stock Split: The board of directors considered, approved, and recommended an alteration in capital of the company by split/sub-division of equity share of the company from Rs 10/- per share to Re 1/- per share. The record date is yet to be announced.

Bonus Issue: The company also considered, approved, and recommended the issue of bonus equity share in 13:10 ratio which implies that 13 equity shares of Rs 1/- each for every 10 fully paid equity shares held as on record date.

2. Vinny Overseas Stock Performance

The last trading price of the stock is Rs 188.55 apiece with the gain of 4.98%. The stock touched upper circuit at Rs 188.55 apiece and hit its new 52-week high as well intraday. The stock's 52-week high is Rs 188.55 and 52-week low is Rs 81 apiece, respectively. The company has a market capitalisation of Rs 190.70 crore.

3. Vinny Overseas Return

The stock has given 66% return in last 1-month. It has soared 237% in last 3-months, 326% in last 6-months, and 525% in last 1-year.

4. About Vinny Overseas

Vinny Overseas Limited was established in the year 1992. It is engaged in the manufacturing and exporting of textile products. It offers cotton and rayon fabrics used in dress, shirtings, etc. It serves its clients all across the globe.

Disclaimer

The stock gives details pertaining to stock split and bonus issue. 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.