6:1 Ex-Bonus, 1:10 Ex-Split: Multibagger Penny Stock Hits Upper Circuit, Shares Soar 74% YTD

Small cap company from the Garments & Apparels industry, Lorenzini Apparels Ltd shares today traded ex-bonus in the ratio of 6:1 and ex-split as well in the ratio of 1:10. The company earlier this year on February 12, 2024 recommended bonus share and stock split. Lorenzini Apparels on March 15, 2024 revised record date for bonus share and stock split. It declared March 28 as revised record date. Last trading price of Lorenzini Apparels shares on BSE is Rs 27.00 per share with intraday gain of 1.89%. Lorenzini Apparels shares witnessed stunning rally of 80% in last 6-months and 365% in last 1-year. Check details below:

Lorenzini Apparels Shares Trade Ex-Bonus, Ex- Split Today: The company on March 15 issued a BSE filing pertaining to the record date stating, "Further, revised Record Date is Thursday, March 28, 2024 for the purpose of;

a) Sub-division of face value of Equity Shares (all the Authorized, Issued, Subscribed and Paid-up Equity Shares of nominal value of Rs. 10/- (Rupees Ten Only) each shall stand subdivided into 10 (Ten) Equity Shares of nominal value of Re. 1/-(One Rupee) each fully paidup and;

b) ascertaining the eligibility of security holders entitled for issuance of Bonus Equity Shares of the Company in the ratio of 6:11 i.e. 6 (Six) Equity Shares for every 11 (Eleven) Equity Shares having a face value of Re. 1/- (considering the post sub-division/split of face value of equity shares)."

Lorenzini Apparels Shares Performance: The 52-week high price of Lorenzini Apparels shares on BSE is Rs 33.02 apiece and 52-week low price is Rs 5.85 apiece, respectively. The company has a market capitalisation of Rs 423.07 crore. Lorenzini Apparels shares soared 3813% and gave return of 5092% in last 5-years.

Lorenzini Apparels Financials: The company for the quarter ended December 2023 announced its net sales at Rs 12.68 crore, up 4.26% as compared to Rs 12.16 crore in the corresponding quarter of last year. The company declared its net profit at Rs 2.37 crore for December 2023 quarter, up 1280.45% as compared to Rs 0.17 crore in December 2022. EBITDA of Lorenzini arrived at Rs 3.97 crore in December 2023, up 179.58% from Rs 1.42 crore announced in the similar quarter of last year. EPS also registered a rise to 2.24 in December 2023 from Rs 0.17 in December 2022.

Disclaimer:

The stock highlights the bonus shares, stock split, 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.