Stock Under Rs 60: Multibagger Returns In 90 Days, Bonus Issue Or Stock Split Soon

Small cap stock, RO Jewels Ltd engaged in the wholesale business of gold and silver chains, is all set to announce either bonus share or stock split very soon. The small cap company has a market capitalisation of Rs 52 crore. The stock touched upper circuit on December 23 when the price of the stock touched Rs 52.10 apiece. Check key takeaways below:

1. Board Of RO Jewels Ltd To Announce Either Bonus Or Stock Split Soon

The board of directors of the company stated in the BSE filing, "We hereby inform pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that a Meeting of the Board of Directors of the Company will be held on Thursday, 29th December, 2022 at 3:00 P.M. at the registered office of the company. 1. To consider and approve either issue of Bonus Shares or Stock Split 2. To transact any other matter with prior approval of Chairman Please take the information in your record."

2. RO Jewels Stock Performance

The last trading price of the stock is Rs 51 apiece with an intraday gain of 4.43%. The stock's 52-week high is Rs 52 apiece and 52-week low is Rs 4 apiece, respectively. The stock also hit upper circuit on December 23, 2022.

3. RO Jewels Return

The stock has given 18% return in 1-week, 57% return in last 1-month, 125% return in last 3-months, 252% return in last 6-months, and 594% return in last 1-year.

4. About RO Jewels

The Company was originally incorporated RO Jewels Private Limited under the Companies Act, 2013 vide certificate of incorporation dated December 11, 2018 issued by the Registrar of Companies, Central Registration Centre, Manesar.

Subsequently, the company was converted in to a public company pursuant to a special resolution passed by its shareholders at the EGM held on September 20, 2019 and consequently name was changed to -RO Jewels Limited.

Disclaimer

The stock gives details pertaining to bonus issue or stock split announcement to be made soon. 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.