read in the app
bonus share: The small-cap company has announced it will be giving bonus shares to its investors. This company belongs to Evans Electric Ltd. The Company has announced the issuance of bonus shares at a 1:1 ratio to its eligible investors. It has a market capitalization of ₹43.63 crore. The company’s shares had closed at Rs 318 on Friday. Evans Electric Limited is a small cap company engaged in the commercial services industry. The Evans Electric Limited board meeting is scheduled to take place on Tuesday 31st January 2023 to consider and approve the record date.
What did the company say?
Evans Electric stated in a stock market report: “Common stock bonus issuance is on a 1:1 basis. That is, on the date set by the Board of Directors, shareholders will receive one additional share for every share of Evans Electric Ltd. stock. closed at ₹318.00 on the BSE on Friday, down 2.97% from the previous close of ₹327.75. The company was listed on the BSE on 05/13/2019 at ₹52 since then given a return of 509%.
Read this too- This Tata Group stock fell 70%, breaking today’s new record, trading at £77
Company share price development
It is up 86% in the last 3 years and in the last 1 year the stock price has increased from ₹118 on Jan 31, 2022 to the current stock price. That means it has achieved a multibagger return of 169.49% over this period. The stock is down 8.54% YTD so far in 2023. While it has increased from £80 in the last six months to the current market price on 1st August 2022. During that period, this stock has posted a multibagger return of 297.50%. The stock is down 7.53% over the past five trading sessions and 8.78% over the last month. The share reached a 52-week high of ₹411.65 on (12/16/2022) and a 52-week low of ₹70.00 on (08/11/2022).
