Multibagger stock sets record date for bonus shares: Key details to note

with a market valuation of 753.24 Crore, Ruby Mills Limited is a Small Cap company engaged in Textile Industry. The shareholders should be informed about the record date fixed by the Board of Directors of the firm for the purpose of bonus equity shares in the ratio of 1:1.

In a regulatory filing, the Board of Directors has stated that “As per Regulation 30 and 42 of SEBI (LODR) Regulations, please note the following amendments in the result uploaded on 10th August 2022: Record date for determining the eligibility of the Company.” Members to receive dividend, if recommended by the shareholders in the ensuing Annual General Meeting shall be 25th August, 2022. The issue of bonus equity shares in the ratio of 1:1 i.e. 1(one) will be considered, approved and recommended Rs. 5/- each for every 1 (one) fully paid-up equity share held by the shareholders of Ruby on the record date i.e. 25 September 2022. Annual General Meeting of the Company is scheduled to be held on 23 September 2022. Further details about the AGM will be given in due course.”

Shares of Ruby Mills Limited were trading at Rs. 449.00 per share, a decline of 1.44% from the previous close of Rs. 455.55. share price climbed 17.83 at its current level on September 11, 2003, marks a multibagger return and an all-time high of 2,418.23%. The stock has gained 43.47% over the last five years and 62.27% over the previous year. The stock has climbed 70.08% YTD so far in 2022 and 17.37% in the past six months. The stock has appreciated 20.62% over the past month, and has gained 0.27% during the last five trading sessions. at the current market price of 449, the stock is trading lower than the 5 days EMA but higher than the 10 days, 20 days, 50 days, 100 days and 200 days Exponential Moving Averages (EMAs).

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