Multibagger Chemical Stock Hits Back-To-Back 52-Week High, To Consider Bonus After Independence Day

The shares of Yug Decor Ltd. on Thursday rallied over 8%, traded new 52-week high value of Rs 105 after the Company informed that the Board of Directors will consider Bonus Shares after Independence Day. The shares hit back-to-back 52-week high in the past 1 week.

Yug Decor is a Microcap Specialty Chemicals sector company with a market cap of Rs 63.02 Crore.

In a meeting held on Aug 08, 2023, the Board informed that a Meeting of the Board of Directors of the Company will be held on Friday, Aug 18, 2023, at the Registered Office of the Company situated at Ahmedabad inter alia to consider, approve and take on record the following matters:

1. Approval of Board' Report along with all its Annexures.

2. Approval of the following matters subject to the approval of members at the ensuing 20th AGM:

a. Propose to issue Bonus shares to the existing shareholders of the Company.

3. Convening of the 20th Annual General Meeting (AGM) of the Company, approving the draft notice thereof and determining book closure dates for the purpose of AGM and cut-off date for evoting and e-voting period.

4. Appointment of Scrutinizer for e-voting platform and voting facility to be provided by the Company at the ensuing 20th Annual General Meeting. 5. Any other items as Board may deem fit to discuss.

Meanwhile, the shares of You Decor closed 8.91% higher at Rs 100.75 per share on BSE with highs and lows of Rs 105 and Rs 96, respectively. Its 52-week high is Rs 105 per share and its 52-week low is Rs 35.02 per share.

The shares jumped 28.18% in 1 week. In the past 1 month, its share jumped 39.93%. While it gave 50.82% strong return in 3 months, and 44.96% in 6 months, respectively. In 1 and 2 years, it has given 161.55% and 463.48% multibagger returns. In 3 and 5 years, it has given 586.78% and 459.41% robust returns, respectively.

Disclaimer- The stock just highlights the Bonus 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 any losses. Please consult a professional advisor.