165% Rally In 3-Months: Small Cap Stock Hits New 52-Week High On 1:10 Bonus Issue Approval

Shares of small cap stock, Ddev Plastiks Industries on June 21 hit new 52-week high. Earlier, board of directors of Ddev Plastiks Industries on June 19, 2023 approved bonus share in the proportion of 1:10. Ddev Plastiks shares gained 11.64% till 11:32 am. Check details below:

Ddev Plastiks Industries Approves Bonus Share: According to the BSE filing of the company, "This is to inform you that the shareholders of the Company have, vide Postal Ballot, approved the allotment of Bonus Shares in the ratio 1:10 i.e. 1 (One) Bonus Equity Share of Re. U- (Rupee One only) each of the Company for every 10 (Ten) Fully paid up Equity Shares of Re. 1/- (Rupee One only) each held by the shareholder on the record date, result whereof has been submitted with the Stock Exchange on 19.06.2023. Further in this regard the Board of Directors have also fixed the Record date of 30th June, 2023 for ascertaining the eligibility of shareholder in respect to issuance of such bonus shares, intimation whereof has been submitted to the Stock Exchange."

Ddev Plastiks Industries Stock Performance & Return: Last trading price of Ddev Plastiks Industries share is Rs 212.40 per share with intraday rally of 11.64% on BSE. Its 52-week high price is Rs 222.00 per share and 52-week low price is Rs 34.30 per share, respectively. Its market capitalisation is Rs 1,998.11 crore. Ddev Plastiks Industries shares delivered 167% return in last 3-months, 157% return YTD, and 176% return in last 6-months.

Disclaimer: The stock hit new 52-week high after board approved bonus share. 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.