Multibagger Packaging Sector Stock Gains Big On Bonus Issue Plan

G.K.P Printing & Packaging Ltd. caters to various industries such as garment exports, Steel utensils, Playing Cards, Liquor , Toys, Pharma, Printers, Engenering, Confectionery and FMCG. The stock of GKP gained 1.27% on Friday soon after the it held a board meeting to consider and approve issuance of bonus share. The market capitalization is Rs 321 crore at the close of trade yesterday. Check the key details given below:

1. GKP Printing & Packaging Ltd Holds Meeting To Consider Bonus Share Issue

The company held a board meeting on July 14, 2022 to consider and approve bonus share issue. In its BSE filing, the board of directors of the company said, "G. K. P. Printing & Packaging Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/08/2022, inter alia, to consider and approve 1. Issuance of Bonus Shares 2. To Consider and approve Increase in Authorised Share Capital of the Company. 3. To Consider and Approve Alteration of Capital Clause of Memorandum of Association as per provisions of Companies Act, 2013 4. Any other matter that may deem necessary with the Permission of the Chair."

2. GKP Printing & Packaging Ltd Stock Outlook

After the meeting was held pertaining to considering and approving of bonus share issue, the stock of the company surged to Rs 219.25 apiece, all-time high of the stock yesterday before closing at 219.10 apiece with a gain of 1.27%. The 52-week high of the stock is Rs 219.25 apiece and 52-week low is 26. The stock has given a return of 47% in 3 months, 50% in 6 months, 742% in 1 year, and 1152% in 5 years.

3. About GKP Printing & Packaging Ltd

G.K.P Printing & Packaging Ltd. was established in the year 1994 with a vision to become one of the leading manufacturers in the world of packaging. A dedicated team for manufacturing and quality assurance personnel at G.K.P Printing & Packaging Ltd. ensures timely supplies and quality that invariably exceeds client expectation. It is one of the leading manufacturers and exporters in India of cardboard boxes, corrugated boxes, display boxes, mailer boxes, labels, stickers, tags, inserts & leaflets, mono carton etc, according to its website.