2 Small-Cap Multibagger Stocks Announce Bonus Share: Key Takeaways You Should Not Miss

Two small-cap multibagger stocks have announced bonus share for shareholders. These stocks are Ruchira Papers Ltd and Shivalik Bimetal Controls Ltd. Ruchira Papers Ltd has recommended bonus equity shares in the ratio of 1:10 while Bimetal Controls Ltd has announced bonus equity shares in 1:2 ratio. Check key takeaways below:

Ruchira Papers Ltd Recommends 1:10 Bonus Issue

The board of directors of the company stated in its regulatory filing, "We hereby inform that the Board meeting held on Tuesday, August 30, 2022, the Board has inter-alia considered and approved issue of bonus shares in the ratio of 1:10., 1 (one) new fully paid-up equity share of Rs 10 each to be issued for every 10 equity shares held subject to the approval of shareholders of the company at ensuing AGM." The Board has fixed Monday, 10th day of October 2022 as the record date for the purpose of determining the members entitle to receive bonus shares.

Ruchira Papers Ltd Stock Outlook

The current market price of the stock is Rs146 apiece and it witnessed a decline of 7% in yesterday's trading (August 30, 2022). The stock has given a return of 104% in 3 years.

Ruchira Papers Ltd Market Capitalization

The company has a market capitalization of Rs 384 crore.

Ruchira Paper Ltd Q1 FY2023 Result

It has declared a total income of Rs. 199.1676 crores during the period ended June 30, 2022 as compared to Rs. 191.3662 crores during the period ended March 31, 2022.

It has declared net profit / (loss) of Rs. 11.6343 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 16.1153 crores for the period ended March 31, 2022.

About Ruchira Paper Ltd

The company had set up 33000 TPA unit for manufacturing of writing & printing paper adjoining to its existing unit in March, 2008. The Company initially set up agro waste paper mill for manufacturing of Kraft Paper and commenced its operations with a small 2310 TPA Capacity. Kraft Paper finds its application in the packaging Industry especially for making Corrugated Boxes / Cartons and for other packaging requirements. The special feature of its Kraft Paper is load bearing Capacity & tensile Strength which makes its most suitable for Corrugated packing application.

Shivalik Bimetal Controls Ltd Announces Bonus Share In 1:2 Ratio

The board of directors in its regulatory filing stated, "Shivalik Bimetal Controls Limited has informed BSE that the Board of Directors at their meeting held on August 29, 2022, inter alia, has considered and approved the following: - Recommended the Bonus Issue of Equity Shares in the proportion of 1 (One) Equity Share of Rs. 2/- each for every 2 (Two) Equity Shares of Rs. 2/- each held by the shareholders of the Company as on the record date, subject to the approval of shareholders."

Shivalik Bimetal Controls Ltd Stock Outlook

The current market price of the stock is Rs 599 with a decline of 4% in yesterday's trading (August 30, 2022). The stock has given a return of 861% in 3 years and 1323% in 5 years.

Shivalik Bimetal Controls Ltd Market Capitalization

The market capitalization of the stock is Rs 2301 crore.

Shivalik Bimetal Controls Ltd 52 Week High/Low

The stock's 52-week high is Rs 643 apiece and 52-week low is Rs 166 apiece, respectively.

Shivalik Bimetal Controls Ltd About

Shivalik Bimetal Controls Ltd. is a company specialized in the joining of material through various methods such as Diffusion Bonding / Cladding, Electron Beam Welding, Solder Reflow and Resistance Welding.