Multibagger Veljan Group Stock To Mull Bonus Issue On March 31, Shares Rise 41.98% In 1-Week

Small cap company from the auto sector Veljan Denison Limited shares gave return of 41.98% in last 1-week span. Now the Board of Directors of the company will hold meeting on March 30, 2024 to consider bonus issue for its shareholders. Veljan Denison shares offered shareholders attractive return of 93% in last 6-months and 174% in last 1-year. The company has rescheduled the bonus share meeting to March 30 from March 23. Check more details below:

Veljan Denison To Consider Bonus Share: As per the regulatory filing of Veljan Denison dated March 23, 2024, "With reference to the above subject and in continuation of our letter dated March 18, 2024, we wish to inform that the meeting of the Board of Directors of the Company scheduled to be held on today i.e. March 23, 2024, stands adjourned for want of quorum. Accordingly, the adjourned Meeting of the Board of Directors of the Company to consider, inter-alia, the proposal for issue of Bonus Shares to the equity shareholders of the Company will now be held on next Saturday, March 30, 2024."

Veljan Denison Share Performance & Return: Last trading price of Veljan Denison shares on BSE is Rs 3418.00 per share with stunning intraday rally of 7.09%. The 52-week high price of Veljan Denison share on BSE is Rs 3490.00 per share and 52-week low price is Rs 1183.00 per share, respectively. The company's market capitalisation is Rs 769.05 crore. The PE of Veljan Denison is 44.57, EOE at 9.10, and EPS (TTM) at 76.69. Veljan Denison share surged 74% year-to-date, gave return of 195% in last 2-years, and soared 381% in last 3-years. In last 10-years, the stock zoomed 1318%.

Veljan Denison Financials: The company for the quarter ended December 2023 declared its net sales at Rs 35.02 crore, up 14.9% from Rs 30.48 crore in December 2022. Its quarterly net profit was declared at Rs 5.63 crore in December 2023 quarter, up 45.29% from Rs 3.88 crore in December 2022. The company's EBITDA stood at Rs 9.24 crore for December 2023 quarter, up 29.05% from Rs 7.16 crore in December 2022. The EPS of the company for December 2023 quarter surged to Rs 25.04 from Rs 17.23 in the corresponding quarter of last year.

Veljan Denison About: Veljan's group company VELJAN DENISON LIMITED manufactures Pumps, Motors, Valves and custom-built Power systems / Manifold blocks, according to its official website.

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