Bonus Issue On Sept 02: Small Cap Electric Stock To Mull Bonus Share, Rises 1522% In 1-Yr

Small cap stock operating in electric sector, RMC Switchgears Ltd gained 2.77% today and witnessed spurt in volume by over 5.07 times. RMC Switchgears shares locked in upper circuit on August 30. Current market price of RMC Switchgears share is Rs 730.00 apiece. RMC Switchgears stock soared 209% in last 6-months and offered shareholders return of 1522% in last 1-year. Check details below:

RMC Switchgears To Consider Bonus Share On September 2: According to the BSE filing of RMC Switchgears dated August 29, 2023, "This is to inform you that, pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulation, 2015, the meeting of Board of Directors of the Company is scheduled to be held on Saturday, 02'4September, 2023 at B-11 (B&C), Malviya Nagar Industrial Area, Jaipur, RJ-302017 to transact the following businesses:

1, To consider the proposal for issue of Bonus Shares to the Equity Shareholders of the Company.

2. To consider and approve the Employee Stock Purchase Scheme (ESPS) for the Employees of the Company

RMC Switchgears Stock Performance & Return: Current market price of RMC Switchgears stock is Rs 730.00 per share on BSE. Its 52-week high price is Rs 739.50 apiece and 52-week low price is Rs 42.00 apiece, respectively. The company's market capitalisation is Rs 501.67 crore. RMC Switchgears shares witnessed multibagger returns in last 3 months thus doubling investors money, soared 174% YTD, rallied 2954.39% in last 2-years, and rallied 4071.43% in last 3-years.

RMC Switchgears Inks MoU with Radius Synergies International Private Limited: According to its August 11 exchange filing, RMC Switchgears Limited ("the Company") has entered into a Memorandum of Understanding (MoU) with Radius Synergies International Private Limited ("Radius Synergies") on 9th August, 2023. The MoU has been executed for duration of 5 years with the following objectives: knowledge sharing and capacity building, global outreach for IT automation solutions, techno-commercial studies and analysis, and promoting best practices.

RMC Switchgears About: RMC Switchgears first began its work under the name of RFH Metal Castings Pvt Ltd In 1994. Ever since, the company has expanded exponentially, gone under a major rebranding, delivered exceptional products and impacted the electrical industry positively, according to its official website.

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 ay losses. Please consult a professional advisor.