Small Cap Stock Recommends 1:2 Bonus Issue, Gained 106.21% In 3 Months, Traded 52 Week High

Smallcap healthcare stock Achyut Healthcare Ltd. on 18th March 2023 considered and recommended a bonus issue in the ratio of 1:2. The stock has also fixed the "Record Date" for the bonus issue as 25th April 2023. Achyut Healthcare is a pharmaceutical trading company dealing in API, Pharmaceutical products, medical devices, etc. It has a market capitalisation of Rs 46.25 crore. Check below to know more about Achyut Healthcare Ltd.

Achyut Healthcare Recommends 1:2 Bonus Issue

The company in its regulatory filing to BSE has said, "The Board considered and recommended to issue 46,72,500 (Forty-Six lacs Seventy-Two Thousands Five Hundreds) Equity Shares of Rs.10/- each as bonus issue in the ratio of 1:2 i.e. one new bonus Equity Share of Rs 10/- each for every two existing fully paid up Equity Shares of Rs.10/- each, subject to approval by the members and any other applicable statutory and regulatory approvals. The board has fixed the record date i.e. 25th April, 2023 for the purpose of issue of bonus shares to the eligible shareholders of the Company."

Achyut Healthcare's Stock Outlook

The share price of Achyut Healthcare on BSE last traded at Rs 49.49 apiece, traded 52 week high. The 52 week low is Rs 15 apiece, recorded on 21 September 2022. It gave 15.82 in a positive return in 1 week. Whereas, in the past 1 month it gave 47.73% in 1 month and 106.21% in the past 3 months, respectively. Since its listing date on 30 March 2022, it gained 134%.

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