We're talking about multibagger stocks that have gained more than 100% in 1 year, and we've compiled a list of related corporation actions to watch in May.
Yesterday the company informed BSE by saying that "Pursuant to Regulation 30 read with Part A of Schedule III and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Board of Directors of the Company at its meeting held today i.e. May 09, 2022, has inter alia approved issue of Bonus Equity Shares in the proportion of 1 (One) Equity Share of Rs.10/- each for every 2 (Two) existing Equity Shares of Rs. 10/- each held by the shareholders of the Company as on the Record Date, subject to the approval of shareholders of the Company through Postal Ballot and other applicable statutory and regulatory approvals; as may be required. The record date for reckoning eligible shareholders entitled to receive bonus shares will be communicated later."
According to BSE, the Board of Directors also have considered to "Change in name of the Company from "Cosmo Films Limited" to "Cosmo First Limited" and consequent alteration in Memorandum and Articles of Association of the Company, subject to the approval of shareholders of the Company through postal ballot, Ministry of Corporate Affairs and such other applicable statutory / regulatory approvals; as may be required."
The stock closed today at a market price of Rs. 1,835.50, down -121.90 (-6.23%) from its previous closing price of Rs 1957.40. The stock has risen from Rs 695.60 as of May 11, 2021 to Rs 1,835.50 on May 10, 2022, 3:30 pm IST, signifying a multibagger return of 163.87 per cent in 1 year.
Dolfin Rubbers Ltd
Dolfin Rubbers Ltd reported that its board of directors has approved the issuing of 1:3 bonus equity shares, subject to the approval of shareholders. The record date for the same has been set for the 17th of May 2022.
The company has said in an exchange filing that "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in furtherance of the Shareholder resolution passed through Postal Ballot e-voting on 28th April, 2022, we would like to inform you that the Company has fixed Tuesday, May 17, 2022 as the "Record Date" for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of l (One) Equity Shares of Rs. 10/- each for every 3 (Three) existing Equity Share of Rs. 10/- each."
The stock has surged from Rs 46 on May 12, 2021 to Rs 116 today, representing a multibagger return of 152.17 per cent in just one year. The stock closed today at a market price of Rs 116.00, down -2.00 (-1.69%) from its previous close of Rs 118.
BLS International Services Ltd
The board of directors of BLS International Services Limited announced a 1:1 bonus issue on May 9, 2022, i.e. 1 bonus equity share for every 1 fully paid equity share owned, with the record date set for May 17, 2022.
The company has also said in a stock exchange filing that "Board has considered and recommended a final dividend of Rs 0.25 per share (on post bonus paid up share capital of Rs 20.49 cr) aggregating Rs 5.12 cr. This, together with interim dividend of Rs 1.00 per share, aggregates to Rs 15.4 cr of proposed dividend payout for FY22."
According to the company's Q4 & FY22 Highlights, revenue increased by 76 per cent from Rs 145 Cr in Q4FY21 to Rs 254 Cr in Q4FY22. EBITDA has increased by 247 per cent, from Rs 10 Cr to Rs 35 Cr, and EBITDA Margin has increased from 7.0 per cent in Q4FY21 to 13.8 per cent in Q4FY22. The firm recorded a PAT of Rs 35 crore in Q4FY22, up from Rs 23 crore in Q4FY21, a 53 per cent increase. The company's PBT has increased by 139.1% from Rs 15.6 Cr in Q4FY21 to Rs 37.3 Cr in Q4FY22. EPS, on the other hand, has increased from 2.29 per cent to 3.44 per cent.
The company's shares have risen from Rs 95.45 on May 11, 2021 to Rs 332.40 today, showing a multibagger return of 248.25 per cent in only one year. The stock closed today at a market price of Rs 332.40, down -8.00 (-2.35%) from its previous close of Rs 340.40.
Gujchem Distillers India
Gujchem Distillers India has announced a stock split for FY-22 and the record date has been set for the 27th of May 2022 and the stock would be trading ex-split from that day. The company have informed BSE that its Board of Directors has "Considered and fixed the record date as Friday, May 27, 2022 for determining the eligibility of Shareholders, with regard to the Sub-Division of the one(1) Equity share of face value of Rs. 10/- (Rupees Ten only) each into Ten (10) equity shares of face value of Re. 1/- (Rupee One Only) each in terms of Regulation 42(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') and as approved by the Shareholders through postal ballot."
The stock has risen from Rs 85.50 on May 11, 2021 to Rs 604.85 today, showing a multibagger return of 607.43 per cent in only one year. The stock closed today at a market price of Rs 604.85, up +28.80 (5.00%) from its previous closing of Rs 576.05.