153% Returns In 6 Months: Small Cap Stock Offers 2:1 Bonus Issue, Hits New 52-Week High

Board of small cap stock, Shish Industries Ltd that offered high returns in last few years declared 2:1 bonus share. It implies that investors will receive 2 fully paid-up equity shares for 1 fully paid-up equity share of Rs 10 each on the record date. Shish Industries share offered 153% return YTD (year-to-date). The company is yet to declare record date for the bonus share. Shish Industries shares hit back to back new 52-week high on June 22 and June 23, 2023. Check details below:

Shish Industries Declares 2:1 Bonus Share: According to the BSE filing of the company, "Bonus Issue of Equity Shares in the ratio 2 fully paid-up Equity Share of Rs 10 each for every 1 fully paid-up Equity Shares of Rs 10 each held by the shareholders on record date, subject to shareholders' approval."

Shish Industries Stock Performance & Return: Last trading price of Shish Industries stock price is Rs 399.00 per share with intraday gain of 0.39%. The 52-week high price of Shish Industries stock is Rs 406.95 per share and 52-week low price is Rs 136.00 per share, respectively. Its market capitalisation is Rs 456.91 crore. In last 3-months, Shish Industries stock soared 77%, gave 153% return YTD, 123% return in last 1-year. In last 2-years, Shish Industries stock rallied 494%, 1746% return in last 3-years, and rallied 2684% return in last 5-years.

Shish Industries Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 18.35 crore, up 21.78% from the preceding quarter total income of Rs 15.07 crore. It announced its net profit after tax at Rs 2.33 crore in the latest quarter.

Shish Industries About: Shish Industries Limited is engaged in the manufacturing and distribution of plastic containers and packaging solutions. It offers corrugated sheets, pads, and rolls, as well as boxes, racks, floor guards, roofing products, and other related plastic materials, among others. Shish Industries serves advertisement, agricultural, automotive, electronic, medical, and construction sectors all across the globe. The company was incorporated in 2017.

Disclaimer: The small cap plastic sector company announced bonus share. 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.