Bonus Issue: Shares of this micro-cap company defied market weakness by locking at a 10 per cent upper circuit

Shares of the company have experienced a remarkable rally, soaring more than 95 per cent over the last year!

Indian frontline indices ended the session significantly lower, with substantial losses observed in the oil & gas, auto, energy, and metals sectors. The BSE Sensex tumbled 0.48 per cent to 65,512 level at the close. The Nifty 50 index declined 0.56 per cent to a level of 19,528.

Despite the overall bearish market conditions, Yug Decor Ltd, a micro-cap specialty chemicals stock, stood out as one of the top trending stocks, with its shares locked in a 10 per cent upper circuit, trading at Rs 98.56 per share on the BSE.

The shares have witnessed a robust rally, surging around 11 per cent in a mere five trading sessions, driven by the upcoming record date for the bonus issue. The company has set October 5, 2023, as the record date to identify eligible shareholders who will receive bonus shares at a ratio of 15 new equity shares with a face value of Rs 10 each for every 100 existing equity shares with a face value of Rs 10 each held by the shareholders of the company.

Shares of the company have seen an outstanding rally of over 95 per cent in the past year, reaching a 52-week high of Rs 119.90 per share on the BSE.

Yug Decor Ltd specializes in the production of various types of adhesives, including Synthetic Binders, Synthetic Rubber Adhesives, Synthetic Resin Adhesives, Natural Rubber Adhesives, and Footwear Adhesives. Keep a close eye on this stock for the upcoming trading sessions!

Disclaimer: The article is for informational purposes only and not investment advice.