Multibagger in just 6 months: This small-cap stock was locked in the upper circuit; Board is likely to announce bonus shares and stock split!
The stock delivered multibagger gains of 128.17 per cent in just 6 months, while the BSE Small-Cap Index only increased by 10.39 per cent.
One of the Top Gainers on the BSE today, shares of Vinny Overseas Ltd surged and reached an upper price band of Rs 188.55 per share, after being locked in the 5 per cent upper circuit. In addition, the stock reached a fresh 52-week high of Rs 188.55. The price of the company's shares has skyrocketed recently, hitting back-to-back upper circuits.
The Company, in its latest press release, has revealed that the company's Board of Directors meeting will be held today, i.e. on January 16, 2023, to consider the following proposals: a) To consider, approve and recommend stock split of equity shares of the company b) To consider the issue of bonus shares to the shareholders of the company c) To consider an increase in authorized share capital of the company.
Vinny Overseas Limited has a market cap of Rs 190.70 crore. It is engaged in manufacturing and exporting textile products. The company offers cotton and rayon fabrics used in dresses, kurtis and shirting. Vinny Overseas serves clients worldwide. According to the quarterly financial statement, the firm reported positive results.
The stock delivered multibagger gains of 128.17 per cent in just 6 months, while the BSE Small-Cap Index only increased by 10.39 per cent. Investors should keep an eye on this multibagger stock.