140.63% In 6 Months! Multibagger Small Cap Stock Set to Trade Ex-Bonus On July 20

The Board of Directors of Shish Industries Limited in a meeting held on Tuesday, Jul 11, 2023, announced the Record Date for the 2:1 Bonus Issue, which was recommended last month on Jun 21, 2023. The Board fixed Jul 20, 2023, as the Record Date. After the announcement of the Record Date for Bonus Issue, the shares of the company hit a new 52-week high on Jun 12, 2023, at Rs 416 per share. It witnessed an upside in share price in the past 1 week.

Record Date

The Board of Directors of Shish Industries Limited in a regulatory filing said, "We wish to confirm that the Company will be declaring the voting result on the businesses proposed at the Annual General Meeting on Thursday, July 20, 2023 itself and accordingly, pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Friday, July 28, 2023 as the Record Date to determine eligible shareholders entitled to receive the Bonus Shares."

Bonus Issue

In a Board meeting held on Jun 21, 2023, the Board of Directors said, "Bonus Issue of Equity Shares in the proportion 2 (Two) fully paid-up Equity Share of Rs 10/- each for every 1 (One) fully paid-up Equity Shares of Rs 10/- each held by the shareholders of the Company as on the record date, subject to shareholders' approval. "

Source - BSE

Stock Movement

The current market price of Shish Industries on BSE is Rs 397.40 per share, up 0.21% compared to its previous close of Rs 396.55 per share. The stock hit an intraday high of Rs 404 per share and an intraday low of Rs 378.10 per share. Its 52-week high is Rs 416 per share and its 52-week low is Rs 136 per share.

The stock surged 0.61% in 1 week, 2.08% in 1 month, and 30.44% in 3 months, respectively. It gave a multibagger return of 140.63% in 6 months, while in 1 year, it gave 109.54% multibagger return. It gave 543.56% multibagger return in 2 years, 1840.43% in 3 years, and 2629.40% in 5 years, respectively.

About - Shish Industries Ltd.

Established in 2012, Shish Industries Ltd. is a small-cap company from the industrial sector. The company is known for their groundbreaking innovations and quality products in Industrial Packaging, Thermal Insulation, PP/PE Woven Fabric & Consumer products. The company has a market capitalisation of Rs 452.92 Crore.

Disclaimer

The stock just highlights the Bonus Issue 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.