with a market capitalization of 182.04 Cr., Veeram Securities Limited is a Small-cap company that operates in the consumer discretionary industry. The company is a retailer, wholesaler and trader of jewelery and accessories. The firm’s traditional gold and silver jewelery and ornaments are either crafted from kundan, gem stones, etc., or simply with plain gold or silver. Investors should be informed that the Board of Directors of the Company has issued Bonus Shares in the ratio of 1:2.
The company in a regulatory filing stated that “The Board has decided to issue bonus shares in the ratio of 1:2 as on the record date fixed by the Board, subject to the approval of the shareholders in the general meeting. The Board has appointed Shri Girdharilal Pamnani to Authorized to handle all matters relating to applications and approvals from RBI and any other authority for commencement of activities as NBFC and then for obtaining banking license.
Shares of Veeram Securities Ltd closed on BSE on Friday 36.10, down 5.00% from previous close 5 per share. share price climbed 3.93 represents a multibagger return and an all-time high of 818.58%, on January 6, 2017, at the level so far. share price has increased 5.09 at its current level during the last five years, as on August 31, 2017, represents a multibagger return of 609.23%. share price increased 17.71 at the current share price during the previous year as on August 23, 2021, representing a multibagger return of 103.84%. On YTD basis, the stock has gained 84.65% so far in 2022 and the stock has gained 44.11% in the last 6 months. The stock has gained 2.41% in the last 1 month but the stock has lost 18.42% in the last 5 trading sessions. On BSE, the stock had touched a 52-week high 52-week low of 57.05 on 04/08/2022 12.80 as on 13/05/2022 which indicates that at current market price 36.10 The stock is trading higher by 36.72 from 52-week high and 182% above 52-week low.
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