1:1 Bonus Shares! Small Cap Metal Stock With Over 900% Return In 3 Yrs To Trade Ex-Bonus Next Week

Raghav Productivity Enhancers Ltd. is all set to trade ex-Bonus next week on Aug 08, 2023, for 1:1 Bonus shares. On Tuesday, June 27, the Board recommended the Issue of Bonus Shares in the ratio of 1:1 i.e. 1 bonus equity shares of Rs 10/- for every 1 existing equity shares of Rs 10/- each held by the members on the record date.

In a regulatory filing on Monday, July 24, the Board announced the record date as Aug 08, 2023, for the 1:1 Bonus Shares.

According to an exchange filing by the Board of Directors of the company, "In terms of Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations") subject to approval of shareholders for issuance of Bonus Shares, Tuesday, 8th August, 2023 has been fixed as the Record Date for the purpose of ascertaining the eligibility of shareholder for issue of Bonus shares in the ratio 1:1 [i.e. 1(One) Bonus Equity share of Rs. 10/- each for every 1(One) existing fully paid up equity shares of Rs. 10/- each."

"Considered and approved the proposal for issue of bonus equity shares to the members of the Company by capitalization of Securities Premium account in the ratio 1:1 i.e. 1 bonus equity shares of Rs. 10/- for every 1 existing equity shares of Rs. 10/- each held by the members on the record date to be fixed hereafter for the purpose subject to approval of Shareholders of the Company in the 14th Annual General Meeting to be held on 25th July, 2023," the Board said in a filing on June 27.

The current market price (CMP) of Raghav Productivity Enhancers is 1085.70/share on BSE. The stock gained 1.22% from its previous close of Rs 1072.65/share. It hit intraday high and low at Rs 1098.95 and 1080, respectively. Its 52 week high is Rs 1180/share, while its 52 week low is Rs 529.85/share apiece.

The stock jumped 7.43% in the last 1 week. While 4.50% in the last 1 month. It jumped 22.06% in 3 months. It has delivered 58.03% positive return in the last 1 year, while in the last 3 years, it has given a multibagger return of 924.25%. It has given 985.70% positive return in the last 5 years.

Raghav Productivity Enhancers Ltd. is a Metal sector small-cap company primarily engaged in the manufacturing of quartz-based ramming Mass, quartz powder, and tundish board. The company has a market capitalisation of Rs 1245.98 Crore.

Disclaimer- The stock just highlights the Bonus Shares and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.