Multibagger Dividend Paying Stock may consider and declare Bonus Shares in its upcoming meeting on 10th November 2022.
• Multibagger Stock: The small-cap company is going to consider the stock split proposal in its upcoming board meeting to be held on 10th November 2022.
Multibagger Dividend Paying Stock: Alstone Textiles (India) shares are one of the multibagger stocks that the Indian stock market has produced in 2022. The small-cap textile stock is in the news for hitting the upper circuit on a regular basis these days. The Board of Directors of the Company has announced to consider Stock Split in the ratio of 10:1. The board of small-cap companies has also announced to consider issuing bonus shares. The final decision regarding stock split and bonus share issue will be taken in the forthcoming Board meeting to be held on 10th November 2022.
“We would like to inform you that the meeting of the Board of Directors of the company is scheduled to be held on Thursday, November 10, 2022 at 3 PM, the small-cap company said while informing the Indian stock market regarding stock split and bonus shares. R815, Noon at the Registered Office of the Company at New Rajinder Nagar, New Delhi.
The small-cap company further stated that the following proposals would be considered in the meeting to be held on November 10, 2022:
1] Approval for sub-division of equity shares by a face value of Rs. 10/- per share to Rs. 1/- per share.
2] Approval of increase in the authorized share capital of the company and change in the capital clause of the Memorandum of Association of the company.
3] Announcement of bonus issue of equity shares.
Alstone Textiles Share Price History
The textile stock has almost doubled shareholder money from ₹67 to ₹159.60 in the past one month, delivering around 140 per cent in this time. In year-on-year (YTD) time, this multibagger stock has risen from around ₹16 to ₹159.60 per share level, registering a growth of over 900 per cent in 2022.
The small-cap stock is available for trading only on BSE. It ended Monday with a market capitalization of ₹203 crore on deals, while it had a trading volume of 71,916 on Monday, which is lower than its previous 20 sessions' average trade volume of 80,276. The small-cap stock currently stands at a PE of 22 while the sector PE stands at 11.86. The small-cap multibagger stock is currently trading at a lifetime high with a 52-week low of ₹10 per share.
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