with a market valuation of 159.10 Crore, Veeram Securities Limited is a small-cap company that operates in the consumer discretionary industry. Indian firm Veeram Jewelery Limited specializes as a wholesaler, retailer and trader of designer jewelery and jewellery. In order to determine the eligibility of shareholders for the purpose of 1:2 bonus shares, the Board of Directors of Viram Securities Limited has revised the record date from Friday, 14 October 2022 to Saturday, 15 October 2022.
“In accordance with Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform you that the Company has declared Saturday, October 15, 2022 as the “Record Date”, the Company said in a stock exchange filing today. “To determine the eligibility of members for the purpose of bonus issue of equity shares of the company for the face value of each subject to the in-principle approval of BSE Limited.”
The bonus issue of shares is in the ratio of 1:2, which means that the shareholders whose names appear in the records of the company as on the record date will be eligible to receive a bonus or additional shares for every 2 shares.
Shares of Viram Securities Ltd closed at upper circuit limit today 31.55 each, up 4.99% from previous close 30.05. In trading today the stock recorded a total volume of 1,292,684 shares compared to the 20-day average volume of 407,130 shares. out of stock 6.24 at its current price level during the last five years as on November 10, 2017 resulting in a multibagger return of 405.61% and an estimated CAGR of 38.88%. The stock has appreciated in value over the past three years 3.29, as on 6 November 2019, at current price levels, represents a multibagger return of 916.90% and an estimated CAGR of 117.81%. The stock has appreciated 21.35% over the past year, and YTD, it has climbed 61.38% in 2022.
At its current price, the stock is trading 44.69% down from its 52-week high and 146.48% up from its 52-week low, both (04/08/2022) and (13/05/2022) ) had reached the stock. , respectively. For the quarter ended June 2022, the company reported promoter shareholding of 53.42%, FII shareholding of 0.50% and public shareholding of 46.08%.
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