Bonus Stock To Buy: Small Cap Power Sector Stock Sets Record Date For 3:10 Bonus Issue, Shares Rally

Veer Energy & Infrastructure Ltd is a small cap company that operates in Power sector. The stock has announced bonus issue in the ratio of 3:10 and now it has fixed record date on November 15, 2022. The record date is November 25, 2022. The company has a market capitalisation of Rs 18.59 crore. Check key takeaways below:

1. Veer Energy Fixes Record Date For 3:10 Bonus Issue

The board of directors of the company said in the regulatory filing, "We wish to inform you that pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed 25th November, 2022 as the Record Date for the purpose of ascertaining the eligibility of the shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 3 (Three) Equity Share of Rs. 10/- each for every 10 (Ten) Equity Share ofRs. 10/- each."

2. Veer Energy Stock Outlook

The current market price of the stock is Rs 16.15 apiece with an intraday gain of 2.87%. The stock's 52-week high is Rs 20.50 apiece and 52-week low is 9.93 apiece, respectively.

3. Veer Energy Return

The stock has given a return of 77% in last 3-years, 19% in last 1-year, and 16% in last 3-months. The stock has declined 40% in last 5-years.

4. Veer Energy About

Veer Energy is one of the India's leading renewable energy company with the expertise to provide services, across the India, to develop, construct and operate projects that contribute to our goal of a low carbon and sustainable future.

Veer Energy is committed to leading a change in the country's current energy portfolio by delivering cleaner and smarter energy choices and thereby reducing India's carbon footprint. Veer Energy implements and operate large scale projects in the renewable energy sector, according to its official website.

Disclaimer

The stock provides details related to bonus issue and record date for the same. 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.