Multibagger stock rallied over 220% in 6 months, declared 2:3 bonus shares

“The Board of Directors of the Company at its meeting held on March 16, 2023, inter alia, considered and approved the following: 1. Approved issue of Bonus Shares in the ratio of 2:3 i.e. 2 new fully paid-up Equity Shares for every 3 existing fully paid-up Equity Shares held by the Shareholders, subject to the approval of the Shareholders through Postal Ballot; 2. approved the transfer of the Company from the SME Platform of BSE to the Main Board of BSE Limited as well as to the Main Board of NSE Limited in accordance with Chapter IX of the SEBI (ICDR) Regulations, 2018, subject to the approval of the shareholders of the Company, BSE Limited, National Stock Exchange of India Limited, or such other authority,” Sprecking Agro Equipment said in a stock exchange filing.

The company said that the pre bonus issue paid up capital is Rs. 6,34,07,690/- consisting of 63,40,769 Equity Shares of Rs. 10 each and the post bonus issue paid up capital will be up to Rs. 10,56,79,483 comprising of existing 63,40,769 equity shares and bonus shares up to 42,27,179 equity shares of Rs. 10 each and the expected date by which such bonus shares will be credited/demitted: May 04, 2023.

The final closing price of Sprecking Agro Equipment shares recorded at a new 52-week high on Thursday 102.18 each, up 4.99% from previous close 97.32. The stock recorded a total volume average of 12,000 shares and a delivery volume of 100%. This stock has given multibagger return of 325.75% in last 5 years and 671.71% multibagger return in last 3 years. The stock has generated multibagger return of 262.98% in last 1 year and on YTD basis, it has generated multibagger return of 144.45% in 2023 so far.

It has generated 228.55% multibagger return in last 6 months and 61.29% gain in last 1 month. The stock reached a 52-week low on 20.10 (18/07/2022) and Sprecking Agro Equipment Ltd. registered a promoter shareholding of 36.41% and public shareholding of 63.59% in Q4FY23.