With a market capitalization of Rs. 144.47 Crore, Veeram Securities Limited is a small-cap company that operates in the consumer discretionary industry. Incorporated as a wholesaler, retailer and trader of premium jewelery and jewellery, Veeram Jewelery Limited is an Indian corporation. The traditional gold and silver jewelery and decorations produced by the company are either made of pure gold or silver or with materials like kundan, gem stones etc. The board of directors of the company has disclosed the record date to ascertain whether the shareholders are eligible or not to receive 1:2 bonus shares.
The company said in a stock exchange filing that “In accordance with Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform you that the Company has fixed Friday, October 14, 2022 as the “Record Date”. subject to the in-principle approval of BSE Ltd. at a face value of Rs.10/- for determining the eligibility of members for the purpose of bonus issue of equity shares of the Company.
The bonus issue of shares is in the ratio of 1:2, which means that every eligible shareholder will get 1 bonus share for every 2 shares he has as on the above record date. Shares of Viram Securities Ltd closed at upper circuit level on Tuesday 28.65 each, up 4.95% from previous close 27.30. A total of 722,999 shares were traded in the stock on Tuesday. The stock’s return is at an all-time high of 629.01%. share price climbed 6.24 as on November 10, 2017, at its current level during the last five years, resulting in a multibagger return of 359.13% and an estimated CAGR of 36.08%. share price jumped 3.29 as on November 6, 2019, at the current market price during the last three years, resulting in a multibagger return of 823.43% and an estimated CAGR of 110.55%.
In the last 1 year, the stock has increased by 9.14% and on the basis of YTD, the stock has increased by 46.55% so far in 2022. The stock had made a 52-week high. 52-week low of 57.05 (04/08/2022) and At 12.80 (13/05/2022), it shows that the stock is trading below the 49.78% high and above the 123.82% low at the current price level. For the quarter ended June 2022, the company recorded promoter shareholding of 53.42%, FII of 0.50% (up 0.50% by QoQ), and public shareholding of 46.08% (down 0.50% by QoQ).
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