October Bonus Issue: Multibagger Small Cap Metals Stock Reveals Record Date For Bonus Share

Shivalik Bimetal Controls Ltd is a small cap company operating in Metals-Ferrous sector and has been in existence since 1984. The company has declared record date for bonus issue which is October 13, 2022. The stock witnessed a decline of 3.35% to settle at Rs 688 apiece on September 30, 2022.

Check vital details related to stock outlook, bonus issue, about the company and among others below:

Shivalik Bimetal Controls Ltd Fixes Record Date For Bonus Issue

The board of directors of Shivalik Bimetal Controls in its meeting held on September 30 said, "This is further to our letter dated August 29, 2022 intimating the Issue of Bonus Shares, which is subject to approval of the shareholders. We wish to inform you that pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Thursday, October 13, 2022, as the Record Date to determine eligible shareholders entitled to receive the Bonus Shares. Kindly take on record the above information and acknowledge."

Shivalik Bimetal Controls Ltd Stock Outlook

The current market price of the stock is Rs 688 apiece on BSE with an intraday dip of 3.35% (September 30, 2022). The stock's 52-week high is quoted at Rs 718 apiece and 52-week low is quoted at Rs 256 apiece, respectively.

Shivalik Bimetal Controls Ltd Market Capitalisation

The company has a market capitalization of Rs 2,644 crore at the time of writing the report.

Shivalik Bimetal Controls Ltd 5 Years Return

The stock has given multibagger returns to investors. In the last 5 years, the stock has given a return of 925%, in last 3 years it has given a return of 1272%, and in last 1 year the stock has given a return of 151%.

Shivalik Bimetal Controls Ltd About

Shivalik Bimetal Controls Ltd is a company specialized in the joining of material through various methods such as Diffusion Bonding / Cladding, Electron Beam Welding, Solder Reflow and Resistance Welding.

The company's current program includes Thermostatic Bimetal, Clad Metal, Spring Rolled stainless Steels, Electron Beam Welded Material with multi- Gauge and Multi- Materials strips and Thermostatic Edge- Welded Strips for a board spectrum of industries.