Groovy India has announced bonus shares to shareholders. The stock has gained 101% so far in the year 2024.This multi-bagger share has doubled its amount in the last six months.
New Delhi. Investors who invested in the shares of real estate construction company Groovy India have turned out to be profitable. While the amount invested in this multi-bagger share has more than doubled in just six months, they will now also be gifted with bonus shares. The company is going to give bonus shares to the shareholders in the ratio of 3:1. This ratio means that shareholders will get 3 new fully paid shares as bonus for every 1 fully paid share of Groovy India. In order to decide the eligibility of shareholders to acquire bonus shares, the Company has fixed 23 October 2024 as the record date. This means that the shareholders whose names appear in the register of members of the company or in the records of the depositories as on that date will be entitled to receive the bonus shares.
Notably, Groovy India has taken shareholders’ approval for the bonus shares in the Annual General Meeting to be held on 30 September 2024. The bonus shares were announced in August 2024. The special thing is that the company will give bonus shares to the shareholders for the first time.
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The amount doubles in 6 months.
Groovy India Share is a multi-bagger share. In the last six months alone, the share price has increased by 120% from Rs 99.85 to Rs 219.90. In the last trading session i.e. on Friday October 11, the stock closed with upper circuit on BSE. This is also a new 52-week high for the stock.
Gave 150% profit in one year.
Shares of Groovy India have also given multi-bagger returns in the past one year. The share price has increased by 150% in one year. The stock has gained 101% so far in the year 2024. It has gained 41% in one month and strengthened 27% in the last five trading sessions. The promoters held 72.58 per cent stake in Groovy India till the end of June 2024. The share price is Rs.10. The market cap of the company is Rs 73.32 crore.
(Disclaimer: The information given here is based on share performance. As investing in stock market is subject to market risk, please consult a certified investment advisor before investing. News 18 Hindi becomes responsible for any damages you incur.)
Tags: business news, Multi bagger stock, Stock market, Stock market
First Publication: October 13, 2024, 10:55 IST
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