Multibagger in just 6 months: Don’t miss action in this stock that has announced bonus share and stock split!

Kiran Shroff
/ Categories: Trending, Mindshare
Multibagger in just 6 months: Don’t miss action in this stock that has announced bonus share and stock split!

In just 6 months, the stock gave multibagger returns of 119.88 per cent and in 1 year it returned over 469.2 per cent.

One of the gainers on BSE today, shares of Veerkrupa Jewellers Ltd surged 4.44 per cent to Rs 146 per share from its previous closing of Rs 139.80 per share. At 3:30 pm, the shares of the company ended the day lower, down 0.46 per cent to Rs 139.15 per share.  

The stock has also traded at a new 52-week high of Rs 146.8 per share. Recently the company declared bonus shares in the ratio of 2:3 and a stock split in the ratio of 10:1.  

The Board of Directors of Veerkrupa Jewellers has considered and approved the issue of bonus shares in the ratio of 2 bonus shares for every 3 existing shares to the shareholders and has also approved a split of nominal value of 1 (one) equity share of Rs 10 (Rupees Ten) each into 10 (Ten) equity shares of Rs 1 (Rupees One) each subject to necessary permissions and approvals.   

Incorporated in 2019, Veerkrupa Jewellers Ltd is in the business of trading jewellery-based products. The company manufactures and trades different types of gold and silver jewellery products like chains, necklaces, bangles, chains, bracelets, etc.  Today, shares of the company saw a spurt in volume by more than 1.12 times on BSE. 

Talking about finances, this Small-Cap stock has a market cap of 110 crore. The company reported positive results in both quarterly and annual financial statements. In just 6 months, the stock gave multibagger returns of 119.88 per cent and in 1 year it returned over 469.2 per cent. Investors should keep a close watch on this jewellery stock.

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