1:1 Bonus Issue: Small Cap Stock To Ascertain Record Date On Jan 31, Jumps 271% In 3 Months

Small cap stock, Evans Electric Ltd is expected to fix record date for 1:1 bonus issue on January 31, 2023. Earlier, board of Evans Electric announced bonus issue December 16. The stock has given multibagger returns to investors and shares of the stock rallied 271% in last 3-months, and 330% in last 5-months. Check details below:

1. Evans Electric Ltd To Fix Record Date For 1:1 bonus issue

According to the regulatory filing of the company, "Intimation is hereby given that the Board Meeting of Evans Electric Ltd is scheduled to be held on Tuesday, 31st January 2023 to consider and approve fixation of record date for the purpose of determining bonus entitlement to the shareholders."

Earlier, on December 16, 2022, the company recommended the bonus issue of equity shares in the ratio of 1:1.

2. Evans Electric Ltd Stock Performance

The last trading price of Evans Electric is Rs 318.00 apiece with intraday decline of 2.97%. The stock's 52-week high is Rs 411.65 apiece and 52-week low is Rs 70.00 apiece, respectively. The company has a market capitalisation of Rs 43.63 crore.

The stock touched lower circuit on January 27, 2023 at Rs 311.40 apiece and again on January 24, 2023 at Rs 327.75 apiece, respectively. Despite hitting lower circuit on January 27, it recorded a spurt in volume on January 27 by 1.16 times.

3. Evans Electric Ltd Return

The stock has given 271% return in last 3-months, 330% return in last 5 months, and 166% return in last 1-year. The stock was priced Rs 74 on August 10, 2022 and now it is priced Rs 318.00 apiece.

4. About Evans Electric

It was incorporated in 1951. It has earned specialisation in precise reverse engineering, diagnostics and in-depth analysis of design, operation and performance, involving the most complex Electro-Mechanical situations.

Disclaimer

The stock gives details about upcoming meeting where record date is expected to be fixed for bonus issue. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.