1:2 Bonus Issue: Multibagger Small Cap Electric Stock Hits 5% Upper Circuit, 52-Week High

Small cap stock operating in electric sector, RMC Switchgears announced bonus share in the ratio of 1:2 implying shareholders will be issued 1 bonus share for every 2 shares held as on the record date. Last trading price of RMC Switchgears share is Rs 802.20 apiece with intraday gain of 5.00%. RMC Switchgears stock offered shareholders 136% return in last 3-months. Check details below:

RMC Switchgears Declares Bonus Share: According to the BSE filing of RMC Switchgears dated September 4, 2023, "In continuation of our intimation dated 02"? September, 2023 & with reference to email of BSE dated 04" September, 2023 for providing additional details and in compliance with the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular no. CIR/CFD/CMD/4/2015 dated 09th September, 2015, we are hereby submitting the details of Bonus Shares proposed to be issued subject to approval of shareholders of the Company in the ensuring Annual General Meeting, as follows: Issue of bonus share in 1:2 ratio i.e. 1 (one) new equity share of Rs. 10/- each to be issued for every 2 (Two) existing equity share of Rs. 10/- each fully paid up"

RMC Switchgears Stock Performance & Return: Last trading price of RMC Switchgears share is Rs 802.20 per share on BSE. Its 52-week high price is Rs 802.20 per share and 52-week low price is Rs 42.00 per share, respectively. The company has a market capitalisation of Rs 551.29 crore. RMC Switchgears shares witnessed a rally of 253% in just last 6-months, gained 1805% in last 1-year, soared 3505% in last 2-years, and offered return of 4484% in last 3-years.

RMC Switchgears About: With over 29 years of service in the electrical enclosures industry, RMC Switchgears is dedicated in its mission to protect the electric ecosystem of India. By researching, designing and manufacturing best-in-class electronic smart energy meter enclosures, distribution boxes and panels, and other electrical safety and distribution equipment, RMC Switchgears has started an electrical safety revolution. With equipment made in plastics, fibre reinforced plastics and sheet metals, RMC Switchgears also offers end-to-end solutions including Engineering, Procurement and Construction, according to its official website.

Disclaimer

The stock just highlights the bonus share 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 ay losses. Please consult a professional advisor.