Multibagger Penny Stock Under Rs 22 Hits Upper Circuit As Board Allots 99,99,238 Bonus Shares

Small cap stock operating under the pharmaceuticals sector, Veerhealth Care Limited hit 5% upper circuit on Friday as shares are trading ex-bonus today. Current market price of Veerhealth Care share on BSE is Rs 21.65 apiece with intraday jump of 5.00%. Veerhealth Care shares delivered 151% return to shareholders in last 6-months span.

Bonus shares are additional shares given to the existing shareholders without any extra cost, on the basis of the number of shares that a shareholder holds. Bonus shares are company's accumulated earnings which are not given out in the form of dividends, but are converted into bonus shares of free shares.

Veerhealth Care Shares Trade Ex-Bonus On September 22: The shares are trading ex-bonus today. Board of Veerhealth Care earlier recommended bonus share in the proportion of 1:1. The company in its BSE filing dated September 14 stated, "Allotment of 99,99,238 Equity Shares of Rs. 10/- each by way of Bonus Issue to such members whose name appears in Register of Members as on September 22, 2023 being the record date fixed for the said purpose in the proportion of 1 (One) new fully paid up equity share of Rs. 10/- each for every 1 (One) existing fully paid up Equity Share of Rs. 10 each held by them i.e. in the ratio of 1:1. Company have received in-principle approval from BSE vide Letter No. LOD/Bonus/TP/DA/615/2023-24 dated September 12, 2023 for issue and allotment of 99,99,238 Bonus Equity Shares of Rs. 10/- each in the ratio of 1:1."

Veerhealth Care Stock Performance & Return Over Years: Current market price of Veerhealth Care share on BSE is Rs 21.65 apiece. The stock's 52-week high price is Rs 22.00 per share and 52-week low price is Rs 6.13 apiece, respectively. Veerhealth Care has a market capitalisation of Rs 43.28 crore. Veerhealth Care shares offered 40% return in last 3-months, gained 151% return in last 6-months, soared 214% in last 1-year, gained 322% in last 2-years, and rose 455% in last 3-years.

Veerhealth Care Financial Performance: The small cap company for the financial year ended March 31, 2023 declared its standalone total income at Rs 4.01 crore, up 29.06% as compared to last quarter total income of Rs 3.11 crore. It announced its recent quarter net profit after tax at Rs 1.04 crore.

Veerhealth Care About: It came into existence in 1992 and operates in pharmaceuticals sector.

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