Padam Cotton Yarns is a multi-bagger stock engaged in the textile products business. This penny stock which climbed more than 800% in merely 6 months, has announced its first-ever bonus issue in the ratio of 1:1. The stock will be in focus accordingly in the trading week ahead. Currently, the stock is below Rs 400, and touched its new 52-week high last week on January 3rd, owing to upcoming bonus reward. Padam Cotton Yarns has a robust return on equity.
Padam Cotton Yarns Share Price:
Last week, on January 3rd, the stock froze at its 2% upper circuit to Rs 377.75 apiece, which is also its new 52-week high. The stock has given multi-fold returns to investors compared to its 52-week low of Rs 32.02 apiece.
Padam Cotton touched back-to-back upper circuits last week's trading session. Upper circuits generally mean that the stock continued to witness several buyers but no sellers. The stock rose by 8.22% from December 30th to January 3rd trading week. In a month, Padam Cotton Yarns has rallied by nearly 43%, while in six months the stock advanced by a whopping 801.55%. Six months ago, on July 8, 2024, the stock price was merely at Rs 41.90 per share.
For instance: If a shareholder bought Rs 5,000 of Padam Cotton Yarns at Rs 41.90 per share, six months ago, they have gained a corpus of Rs 40077.5 at 801.55% returns as of January 3, 2025. It needs to be noted that this is just an example, while gains and losses vary from investor to investor.
In 5 years, the stock has skyrocketed by a massive 3,430.37%.
Padam Cotton Yarns Bonus Issue:
The company has fixed January 8th as the record date to determine eligible shareholders for its bonus rewards. Padam Cotton Yarns will issue bonus shares in the ratio 1:1 i.e. One (1) new equity share for every one (1) new equity share of Rs. 10/- each, held in the Company. The allotment of bonus will not exceed 38,73,000 equity shares.
The upcoming bonus is the first by Padam Cotton Yarns.
Apart from the bonus issue ex-date, Padam Cotton Yarns will also be in focus for its Q3 results update for FY25.
Padam Cotton Yarns Results:
As per the regulatory filing, a meeting of the Board of Directors of the Company will be held on Thursday, 9% January, 2025 at the Registered office of the Company at Karnal, inter-alia, to consider and approve the Un-audited Financial Results of the Company for the quarter ended on December 31, 2024 and other matters.
About Padam Cotton Yarns:
Padam Cotton Yarns Limited ('PCYL', or 'the Company'), a public limited company, incorporated on 2nd day of November, 1994 under Companies Act, 1956 based on Karnal, Haryana. PCYL is listed on the BSE (formerly Bombay Stock Exchange) in India. The Company is yet to commence commercial production.
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