multibagger stock
Shakti Pumps, a manufacturer and supplier of pumps and motors, has given another gift to its shareholders. The company’s board has announced bonus shares in the ratio of 5:1. This means that the company will issue five new shares for every one share held by the shareholder. “The board of directors of Shakti Pumps (India) Limited, in its meeting held on October 7, recommended the issue of bonus shares in the ratio of 5:1, i.e., to the eligible shareholders of the company on the record date,” the company said in an exchange filing. Will issue 5 (five) new shares of ₹10/- for every 1 (one) existing fully paid-up equity share. However, the company has not yet fixed the record date for issuing bonus shares. The record date to determine the shareholders eligible for bonus equity shares will be informed to the exchanges separately in due course, the filing said.
Stock gave bumper return of 445% in one year
Let us tell you that Shakti Pumps stock has given a bumper return of 445% to its investors in a period of one year. In a period of one year, the share price has increased from Rs 909 to Rs 4,968. Let us tell you that on October 12, 2023, the share price of Shakti Pump was Rs 909.90. At the same time, at the time of market closing on October 11, the price of this stock was Rs 4,968. In this way, this stock has given excellent returns to its investors in a period of one year.
Bonus shares were given in 2011
Earlier, Shakti Pumps had issued bonus shares to its shareholders once in 2011. It was in the ratio of 1:1. Shares of Shakti Pumps have gained nearly 5 times in the last one year, while it has given multibagger returns of 318% and 197.5% in the current calendar year and last 6 months respectively.
Latest Business News
