2022’s Multibagger Chemical Stock To Be Ex-Bonus Tomorrow: Key Takeaways

The company said in the stock exchange filing that “this is a reference to the meeting of the Board of Directors held on May 28, 2022, which recommended bonus of equity shares in the ratio of 2:1, i.e., 2 (two) new equity Shares with a face value of Rs.10/- each fully paid-up for 1 (one) existing equity shares of Rs.10/- each fully paid-up by the members of the company Tuesday, June 28 , was approved at the Extraordinary General Meeting held on 2022, where it was decided that the bonus shares shall be issued to those shareholders in whose names the members of the Board of Directors as on a record date to be determined later. Register. In respect of the above and in accordance with Regulation 42 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Board of Directors in its meeting held on Tuesday, the 05th July, 2022, on Friday, the 15th July, 2022 as determined is the record date, for the purpose of determining the shareholders to whom the bonus shares will be allotted.”

Today’s closing price of the shares of Shankar Lal Rampal Di-Chem Limited was 441.05, down 3.81 percent from yesterday’s close 458.50. stock has risen 37.53 as on July 14, 2021, at its current level during the previous year, represents a multibagger return of 1,075.19 per cent. The stock has climbed in value from YTD 80.45 on January 3, 2022, at the current level, resulting in a multibagger return of 448.23% so far in 2022. The stock price has increased over the past six months. 81.25 on January 14, 2022, to 441.05, as on July 13, 3:49 IST, represents a multibagger return of 442.83 per cent. The stock touched a 52-week high on the BSE 52-week low of 559.80 on 15/06/2022 28.78 on 11/08/2021, which indicates that the stock is trading 21.21% below its 52-week high and 1432% above its 52-week low at current levels.

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