Bonus Issue Expected Today: Multibagger Textile Stock Hits Back-To Back Upper Circuit

Shares of small cap stock from textile sector, Advance Lifestyles Ltd hit back to back upper circuit. The board of directors of the company are scheduled to hold a meeting on September 8 to consider and approve bonus share. Current market price of Advance Lifestyles share is Rs 77.50 per share with intraday gain of 0.65%. Advance Lifestyles shares hit upper circuit on September 6 and September 7, 2023. Check details below:

Advance Lifestyles To Announce Bonus Issue: According to the BSE filing of Advance Lifestyles dated September 5, 2023, "Meeting of the Board of Directors of the Company is scheduled on 08/09/2023 ,inter alia, to consider and approve To consider the following Business: a) To consider and approve adoption of new set of Article of Association as per the provisions of Companies Act, 2013. b) To consider and approve amendment in Memorandum of Association. c) To consider and approve issue of Bonus Shares by way of Capitalization of Reserves; d) To consider and approve appointment of scrutinizer for 34th Annual General Meeting."

Advance Lifestyles Stock Performance & Return: Current market price of Advance Lifestyles stock is Rs 77.50 apiece on BSE. Its 52-week high price is Rs 113.00 per share and 52-week low price is Rs 31.50 per share, respectively. The company has a market capitalisation of Rs 24.12 crore. Advance Lifestyles shares witnessed a rally of 47% in last 3-months, gained 24% in last 6-months, soared 64% YTD, and offered return of 113% in last 1-year. In last 2-years, Advance Lifestyles shares rallied 82 years, gained 101% in last 3-years, and jumped 203% in last 5-years.

Advance Lifestyles About: Advance Lifestyles Ltd was incorporated in August 18th, 1988 with the object to carrying on business of textile mills, trading of cloth and property construction. In 2012, the company was engaged in trading in clothes and ventured into real estate development. In 2014, it disinvested from two Subsidiaries viz. Advance Infraspace Private Limited and Advance Spacelink Private Limited.

Disclaimer

The stock just highlights the bonus issue and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.