Electric Sector Microcap Stock With Over 270% Return In 3 Months Fixes Record Date For Bonus Issue

Evans Electric Ltd, a microcap stock that operates in the Electric/Electronic sector fixes the record date for the Bonus Issue. The Board of Directors of Evans Electric in its meeting held on 31st January 2023 has announced the record date for the 1:1 Bonus Issue. The company is engaged in Electro-Mechanical Repair and Rewind Services. In Electro-Mechanical Servicing and Repairs, the company stands out as the most Reputed, Experienced, Result Oriented and Consistently performing Company in India. It has a market capitalisation of Rs 43.49 crore. Below are the key takeaways about the stock:

Evans Electric Stock Performance

The share price of Evans Electric on BSE last traded at Rs 319.20 apiece. The stock fell 5% as compared to its previous close of Rs 336 apiece. The stock recorded its 52 week high on 16 December 2022 at Rs 411.65 apiece and its 52 week low on 11 August 2022 at Rs 70 apiece, respectively. The stock has gained 0.38% in the past 1 week, however, it declined 3.38% in the past 1 month. It gave a multibagger return of 273.33% in 3 months. In the past 1 year, it gained 190.18% and in the past 3 years, it gave 99.32% positive return.

Evans Electric fixes February 10, 2023, as the record date for the 11 bonus issue

The Board of Directors of Evans Electric its regulatory filing to BSE on January 31, 2023 has said, "We would like to kindly inform you that the Company has fixed Friday, February 10, 2023 as a record date for the purpose of ascertaining the eligibility of shareholders for entitlement of Bonus Shares in the ratio of 1 (One) Equity Share of Re. 10/- (Rupee Ten Only) each for every 1 (One) Equity Shares of Re. 10/- (Rupee Ten Only) each, for which the Company has obtained shareholders' approval on Wednesday, January 25, 2023."

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