13:10 Bonus Share, 1:10 Stock Split: Stock Hits Back-To-Back Upper Circuits, Gains 225% In 90 Days

Vinny Overseas announced bonus shares and stock split earlier last month on January 16, 2023. It announced bonus share in the ratio of 13:10 and stock split in the ratio of 1:10. The company has not yet disclosed the record date.

The stock has been hitting back-to-back upper circuit since February 2, 2023. The stock traded new 52-week high on Feb 2, Feb 3, and Feb 6, 2023. The stock gained 225% in last 3-months only and 513% in last 6-months. Check details below:

1. Vinny Overseas Declared Bonus Share, Stock Split

The board of directors in the BSE filing said, "Considered, approved and recommended an alteration in the capital of the company by split/sub-division of equity share of the company from Rs. 10/- per share to Re 1/- per share. Considered, approved and recommended the issue of Bonus equity shares in the ratio of 13:10 i.e., 13 (Thirteen) Bonus Equity share of Rs.1/- each (post considering the split of shares subject to the approval of the Members) for every 10 (ten) fully paid equity shares held as on Record Date."

2. Vinny Overseas Stock Performance

The last trading price of the stock is Rs 269.65 apiece with an intraday rally of 4.98%. The stock hit upper circuit today also. The stock's 52-week high is Rs 279.00 apiece and 52-week low is Rs 81.00 apiece, respectively. The company has a market capitalisation of Rs 272.73 crore.

3. Vinny Overseas Return

The stock rallied 50% in last 1-month only, 225% in last 3-months, 513% in last 6-months, and 561% in last 1-year.

4. About Vinny Overseas Limited

Vinny Overseas Limited was established in the year 1992. Before this the company used to trade in the name of Mohanlal Mahavirchand Impex Pvt. Ltd. It exports to various countries in Dubai, Behrain, Indonesia, Sri Lanka, U.S.A., China, Brazil, Oman etc.

It seeks to become a global leader by incorporating highest levels of quality through a combination of technology, service, creative marketing, pricing and cost efficiency.

Disclaimer

The stock gives details about back to back upper circuit in last few days. 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.