Two Small-Cap Multibagger Stocks Ready To Announce Bonus Shares: Details Inside

Two small-cap stocks are planning to announce bonus shares soon. These stocks are Sikko Industries Ltd and Debock Industries. Both Sikko and Debock have given multibagger returns. Check key takeaways pertaining to bonus share, stock outlook, and market capitalization of the stocks.

Sikko Industries Ltd To Recommend Issuance Of Bonus Shares

The board of directors of the company in its NSE filing stated, "Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of our Company is scheduled to be held on Friday, September 09, 2022 at the registered office of the Company situated at 508, Iscon Elegance, Nr. Jain Friday, September 09, 2022 at the registered office of the Company situated at 508, Iscon Elegance, Nr. Jain Temple, Nr. Prahladnagar Pick up Stand, Vejalpur, Ahmedabad - 380 051, Gujarat, India, inter alia, to;

1. To propose increase in the Authorised Share Capital of the Company and make consequent alteration in Clause V of the Memorandum of Association;

2. To recommend issuance of Bonus Shares;

3. To add object related to Pharmaceuticals Goods in the main object of the Company;

Sikko Industries Hits New 52-Week High Today

The current market price of the stock is Rs 118.90. The stock gained 4.99% in morning trade. The stock has touched a new 52-week high today. The intraday low is 116.65 apiece and intraday high is 118.90 apiece. The stock's 52-week high is 118.90 apiece and 52-week low is Rs 38.60 apiece.

Sikko Industries About

Sikko Industries Limited produces agricultural chemicals. It provides pesticides, fungicides, fertilizers, weedicides, seeds, and soil conditioners. The company has a market capitalization of Rs 133 crore at the time of writing the report.

Debock Industries Ltd To Consider Bonus Issue Proposal In Upcoming Meeting

The board of directors of the company in its NSE filing said, "In terms of Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that a meeting of the Board of Directors of Debock Industries Limited will be held on Monday, September 12, 2022 inter-alia to consider a proposal for issue of Bonus shares to the equity shareholders of the Company in the ratio, as it may deem fit by way of capitalization of reserves, subject to the approval of the shareholders."

 

Debock Industries Ltd Stock Outlook

The stock zoomed by 4.96% intraday and the current market price of the stock is Rs 36 apiece. The stock's 52-week high is Rs 156 and 52-week low is Rs 33 apiece, respectively.

About Debock Industries Ltd

The Debock Group is established in the year 2007 with the vision of growth and giving the best services and good quality of products to the country. Debock Group has left no stone un-turned and never looked back too. It has successfully developed and delivered more
than 10 million sq. ft. of residential and
commercial projects.

Debock group has over 5 million sq. ft. of space under various stages of different project development in various location in country wide, according to its official website. The company has a market capitalization of Rs 137 crore at the time of writing the report.