Multibagger Small Cap Metal Stock Approved 1:1 Bonus Shares, Stock Jumps More Than 900% In 3 Years

Raghav Productivity Enhancers Ltd. announced the 1:1 Bonus Shares in the ratio of 1:1 for the equity shareholders of the company i.e. 1 bonus equity shares of Rs. 10/- for every 1 existing equity shares of Rs. 10/- each held by the members on the record date.

Raghav Productivity Enhancers is a Metal sector small-cap company having a market capitalisation of Rs 1249.37 crore. The shares gave multibagger returns in the past 1 year.

Bonus Shares

According to an exchange filing on June 27, 2023, "Considered and approved the proposal for issue of bonus equity shares to the members of the Company by capitalization of Securities Premium account in the ratio 1:1 i.e. 1 bonus equity shares of Rs. 10/- for every 1 existing equity shares of Rs. 10/- each held by the members on the record date to be fixed hereafter for the purpose subject to approval of Shareholders of the Company in the 14th Annual General Meeting to be held on 25th July, 2023."

Stock Outlook

The stock last traded at Rs 1088.65 apiece on BSE, up 2.49% from its previous close of Rs. 1062.20 apiece. The stock traded its 52 week high on Jan 16, 2023, at Rs 1180 apiece and 52 week low on Jun 26, 2022, at Rs 480 apiece, respectively.

It jumped 18.88% in the past 1 week. In the past 1 month, it jumped 16.70 apiece and in the past 3 months it jumped 27.99%, respectively. It has given a multibagger return of 117.88% in the past 1 year. It gave 908.0% multibagger return in the past 3 years. It gave 872.01% positive return in the past 5 years.

Disclaimer

The above-mentioned information is purely informational. The information should not be taken as an advisory to invest. 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 making any investment decision.