Latest Bonus Issue: Small Cap Stock Declares 1:1 Bonus Issue, Shares Rise 308% In 3 Months

Evans Electric is a small cap company with a market capitalisation of Rs 55 crore. The company announced bonus issue in the ratio of 1:1 on December 16, 2022 and the record date is yet to be decided. The small cap stock has given multibagger returns to investors. Check vital details related to bonus issue below:

1. Board Of Evans Electric Approves Bonus Issue

The board of directors of the company stated in the BSE filing, "The Board of Directors recommended the Bonus Issue of Equity Shares in the ratio of 1:1 [i.e. 1 (One) fully paid up equity share for every 1 (One) equity share held to the shareholders of the Company as on Record Date as may be determined by the board of director(s), subject to the approval of the shareholders through Postal Ballot."

2. Evans Electric Stock Performance

The last trading price of the stock is Rs 408 apiece with an intraday gain of 4%. The stock's 52-week high is Rs 411 apiece and 52-week low is Rs 70 apiece, respectively.

3. Evans Electric Return

The stock has jumped 26% in last 1-week, 160% in last 1-month, and 308% in last 3-months. The stock has given 393% return in last 1-year.

4. About The Company

Evans Electric Ltd has specialisation in heavy electro-mechanical repairs and services covering every make size and capacity of electrical machine. It provides exclusive and ever advancing repair, refurbishment and support services to the entire Power Generation, Distribution, Manufacturing and Process industries. It is catering to the needs and demands of all types of Electro-Mechanical equipment used in Industry today, according to its official website.

Disclaimer

The stock gives bonus related information. 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.