Multibagger Stock Soaring 601% in 1 Yr Trades Ex-Bonus Today, Hits 52-Wk High
By Malvika Gurung
Investing.com — Shares of Naysaa Securities (BO:) began trading ex-bonus on Thursday, a day ahead of its record date for issuance of bonus shares in the ratio of 15:10.
The investment advisory services provider had announced that its Board of Directors approved the issuance of fully paid-up Bonus Shares of the company in the proportion of fifteen bonus shares of Rs 10 each to every existing eligible shareholder holding ten shares of Rs 10 apiece.
The record date for deciding the members eligible for the allotment of Bonus Shares has been set as December 31, 2022. “The fully paid-up Bonus Shares shall be distributed to the Members of the Company, whose names appear on the Register of Members as of 31st December 2022,” stated the finance sector company’s filing.
The micro-cap company’s Board of Directors also announced an increase in the company’s authorized share capital from Rs 4.4 crore divided into 44 lakh equity shares of Rs 10 each to Rs 11 crore divided into 1.1 shares of Rs 10 each.
Naysaa Securities is a multibagger stock which has skyrocketed over 601% in one year and has hit a new 52-week high at Rs 197/share on Friday, Dec 30.