Multibagger Stock To Mull Bonus Share Next Week, Shares Hit 20% Upper Circuit Today

Small cap company operating in diversified sector, Grauer & Weil (India) Ltd shares hit 20% upper circuit in trade today after it informed via its regulatory about upcoming meeting on Feb 26 to consider bonus share. Last trading price of Grauer & Weil (India) shares on BSE is Rs 187.10 apiece with intraday jump of 14.57%.

Grauer & Weil shares gained 58% in last 3-months and zoomed 102% in last 1-year. Check details below:

Grauer To Mull Bonus Share On Feb 26, 2024: According to the BSE filing dated Feb 21, 2024, "With reference to above and as required under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, February 26, 2024, interalia to consider Issue of Bonus Shares to the shareholders of the Company."

Grauer Shares Performance & Return: The 52-week high price of Grauer shares on BSE is Rs 195.95 apiece and 52-week low price is Rs 88.85 apiece, respectively. The company has a market capitalisation of Rs 4241.66 crore. Grauer shares offered shareholders return of 41% in last 6-months, gained 249% in last 2-years, and gave return of 350% in last 3-years. In last 5-years, Grauer & Weil shares zoomed 316%.

Grauer Financials: Grauer & Weil for the quarter ended December 31, 2023 announced a surge of 24.13% in its net profit to Rs 42.75 crore as against Rs 34.44 crore in the similar quarter of last year. Its net sales for the December 2023 quarter declared at Rs 285.03 crore, up 13.61% from Rs 250.89 crore in December 2022. The company's EBITDA surged 22.19% to Rs 63.92 crore, up 22.19% as against Rs 52.31 crore in December 2022. EPS of the company surged to Rs 1.89 for December 2023 quarter from Rs 1.52 in December 2022.

About: Grauer & Weil (India) Ltd. or Growel is a formidable player in the field of Electroplating & Specialty Chemicals and Engineering equipment. It has over 66 years of experience as a manufacturer of Chain Oil, Coolant Oil, Wire Drawing Oil, Gear Oil, Hydraulic Oil and many other products. Growel stepped into real estate development in 2005 and has developed a 475000 square feet Shopping Centre in the Western Suburbs of Mumbai. In 2007, it started manufacturing Protective Coatings & Industrial Lubricants and has become a One-Stop Solution Provider for the protection of various types of substrates across various industrial segments, according to its official website.

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