Back-To-Back New 52-Week High: Multibagger Small Cap Stock To Consider Bonus Issue

Boar of small cap multibagger stock from the Agriculture sector, Indo Us Bio-Tech Ltd witnessed back-to-back new 52-week high on July 3 and July 4. The stock also hit 20% upper circuit on July 3, 2023. Board of directors of Indo Us Bio-Tech held a meeting on June 30 to announce that the company will recommend bonus share in its upcoming meeting on July 7, 2023. Indo Us Bio-Tech shares delivered return of 374% in last 1-year. Check details below:

Indo Us Bio-Tech Ltd To Consider Bonus Share: According to the BSE filing of Indo Us Bio-Tech Ltd, "Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Regulations") we hereby inform you that a meeting of Board of Directors of the Company is scheduled to be held on Friday, 7 July, 2023 at the Registered office of the company for the following business:

(1) To increase Authorized Share Capital of the Company.

(2) To recommend for the Issue of Bonus Shares to the existing Shareholders of the company.

(3) To Call the Extra Ordinary General Meeting for the purpose of approval of above agendas.

(4) Any other Matter with the permission of the Chair.

Indo Us Bio-Tech Ltd Stock Performance & Return: Last trading price of Indo Us Bio-Tech share is Rs 342.00 per share with an intraday gain of 18.85% on BSE. The stock's 52-week high price is Rs 342.00 per share and 52-week low price is Rs 55.00 per share, respectively. The company has a market capitalisation of Rs 342.89 crore.
Indo Us Bio-Tech shares delivered return of 128% YTD, 374% return in last 1-year, 584% return in last 2-years, and 659% return in last 3-years. In last 5-years, Indo Us Bio-Tech shares offered return of 887% to investors.

Indo Us Bio-Tech About: The company is involved in crop research & development throw breeding, production of seeds, processing, packing and marketing of high performing hybrid and open pollinated varieties of agricultural crops. (seed testing, soil & water testing). INDO US BIO-TECH LIMITED is engaged in multi-disciplinary crop improvement research programmes, according to its official website.

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