15:100 Bonus Shares: Small Cap Stock Surges 8%, Set To Go Ex-Bonus Tomorrow

Shares of small cap stock operating in chemical sector, Yug Decor gained over 8% in morning trade. Current market price of Yug Decor stock on BSE is Rs 101.21 per share. Yug Decor shares hit upper circuit on October 3. The company on September 18 fixed October 5, 2023 as the record date for bonus issue in the proportion of 15:100. Yug Decor stock offered return of 73% in last 6-months and gained 451% in last 2-years. Check details below:

Yug Decor To Allot Bonus Shares On September 7: The company issued a regulatory filing on September 29 where it informed that a meeting of board of directors will be held on September 7 to consider and approve allotment of bonus issue of shares. Pursuant to regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that a Meeting of Board of Directors of the Company will be held on Saturday, 07th October, 2023 at 3:00 P.M. at the Registered Office of the Company situated at Ahmedabad inter alia to consider, approve and take on record the following matters: 1) To consider and approve the allotment of Bonus issue of Shares. 2) Any other matter which the Board may deem fit and necessary."

Yug Decor Will Trade Ex-Bonus On Oct 5, 2023: As per the BSE filing of Yug Decor generated last month on September 18, 2023, "In continuation of our intimation on outcome of the Board meeting held on August 18, 2023, pertaining to the recommendation of Issue of Bonus Shares, the Company has fixed the 'Record Date' i.e., Thursday, October 5, 2023 to determine eligible shareholders entitled to receive Bonus shares in the ratio of 15 (Fifteen) new Equity Share of Face Value of Rs. 10/- each for every 100 (Hundred) existing Equity Share of Face Value of Rs.10/- each held by the shareholders of the Company, subject to the approval of Shareholders at the 20th Annual General Meeting (AGM) of the Company held on September 22, 2023 and other necessary approval from the stock exchange and other authorities."

Yug Decor Stock Outlook & Return In Last 5-Years: Current market price of Yug Decor on BSE is Rs 101.21 apiece with intraday gain of 2.69%. Yug Decor shares rallied over 8% in early morning trade. Yug Decor stock opened at Rs 106.50 per share, touched day's high of Rs 106.92 apiece, and day's low of Rs 101.21 apiece, respectively. Yug Decor has a market capitalisation of Rs 63.30 crore. Yug Decor stock offered return of 35% in last 3-months, soared 45% YTD, jumped 81% in last 1-year, gained 441% in last 3-years, and offered return of 472% in last 5-years.

Yug Decor About: It operates in chemical sector. It is engaged in the manufacturing of adhesives like contact adhesive, PVA glue, wood glue and shoe glue. All its adhesives are under the brand name of Yug-Col. Yug Decor is based out of India and exports across the globe that may include Asia, Europe and Africa. It has clients in Bangladesh, Dubai, Saudi Arabia, Ethiopia, Iraq, Mozambique, Nepal, Sri Lanka, Tanzania, and Yemen, according to its official website.

Disclaimer: The stock just highlights the bonus share 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.