Multibagger Stock Zooms 7% on Ex-Bonus Day, Soars 315% in A Year
By Malvika Gurung
Investing.com — Shares of the metal scrap processing and recycling company Nupur Recyclers (NS:) zoomed 6.81% to Rs 149 apiece at the time of writing after jumping 10.8% in Friday’s intraday trade and hitting the session’s high at Rs 154.5 apiece, as the stock trades ex-bonus in the day, significantly defying the market mood.
The leading metal scrap importer had announced an issue of bonus equity shares in the ratio of 1:1 to eligible shareholders of the company. It approved the bonus issue of equity shares for every one fully paid-up equity Shares of Rs 10 apiece held by the member holding its shares on the record date.
This means that eligible shareholders of the small-cap company will be awarded one equity share for every share of Nupur Recyclers held by them, at no additional cost.
The record date for determination of the shareholders’ eligibility for the corporate reward has been set as Dec 23, 2022, to be done by way of a Postal Ballot.
Nupur Recyclers is a multibagger stock, rallying 315% in the past one year.
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By Malvika Gurung
Investing.com — Shares of the metal scrap processing and recycling company Nupur Recyclers (NS:) zoomed 6.81% to Rs 149 apiece at the time of writing after jumping 10.8% in Friday’s intraday trade and hitting the session’s high at Rs 154.5 apiece, as the stock trades ex-bonus in the day, significantly defying the market mood.
The leading metal scrap importer had announced an issue of bonus equity shares in the ratio of 1:1 to eligible shareholders of the company. It approved the bonus issue of equity shares for every one fully paid-up equity Shares of Rs 10 apiece held by the member holding its shares on the record date.
This means that eligible shareholders of the small-cap company will be awarded one equity share for every share of Nupur Recyclers held by them, at no additional cost.
The record date for determination of the shareholders’ eligibility for the corporate reward has been set as Dec 23, 2022, to be done by way of a Postal Ballot.
Nupur Recyclers is a multibagger stock, rallying 315% in the past one year.
