There is a big update about Dolphin Rubbers Limited, a company that has given multibagger returns to investors in the last one year. In fact, this company has said that its board will meet on March 28 to consider and approve the bonus issue of shares. This news has come at a time when the stock of Dolphin Rubbers Limited is running like a rocket.
How much is the share price: The share price of Dolphin Rubbers is up 9.50 percent at Rs 102 on the BSE index. The share price has increased by 30.77 percent in just 5 trading days. Talking about the period of one month, the share price has increased by 60 percent. A month ago the share price was at Rs 60 level. Now the share price of the company is more than 100 rupees. Talking about the market capital, it is more than Rs 75 crores.
Buying of shares of Rs 4 is increasing every day, the strongest performance of 52 weeks
This brainstorming will happen in the board meeting: The board of the company will also consider increasing the authorized share capital from Rs 8 crore to Rs 10.2 crore during the meeting. In addition, the board will also take up the proposal for migration and listing of equity shares of the company from the BSE SME platform to the main boards of BSE and NSE. The stock has given returns of over 100% to investors in the past one year.
Established in 1995, Dolphin started its journey of tube manufacturing in the year 1997. It has established one of the largest networks in almost every corner of India. The company is engaged in manufacturing of all types of Auto and Animal Driven (ADV) Tubes supporting the Tire Tube Industry near Ludhiana (Punjab). The company’s products are also available in Bangladesh, Bhutan, Egypt, Nepal, Pakistan and Sri Lanka.