Multibagger Stock: Investors went crazy, money doubled in six months

New Delhi. Investors who invested in the shares of real estate construction company Groovy India have become profitable. While the money invested in this multibagger share has more than doubled in just six months, now they will also get the gift of bonus shares. The company is going to give bonus shares to the shareholders in the ratio of 3:1. This ratio means that shareholders will get 3 new fully paid up shares as bonus for every 1 fully paid up share of Groovy India they currently hold. To decide the eligibility of shareholders for bonus shares, the company has fixed 23 October 2024 as the record date. This means that those shareholders whose names appear in the Register of Members of the Company or in the records of the depositories as on this date, will be entitled to receive the bonus shares.

It is noteworthy that Groovy India has taken the approval of shareholders for bonus shares in the annual general meeting held on 30 September 2024. The announcement of giving bonus shares was made in August 2024. The special thing is that for the first time the company will give bonus shares to the shareholders.

Also read- Strong decline in GMP of the country’s biggest IPO, listing expected at only 3.83% premium

Money doubles in 6 months
Groovy India share is a multibagger share. In the last six months alone, the price of this share has increased by 120 percent and it has increased from Rs 99.85 to Rs 219.90. In the last trading session i.e. on Friday, October 11, this stock closed with upper circuit on BSE. This is also a new 52-week high for this stock.

Gave 150 percent profit in a year
Groovy India shares have given multibagger returns in the last one year also. The price of this share has increased by 150 percent in one year. So far in the year 2024, this stock has risen 101 percent. It has grown by 41 percent in one month and has strengthened by 27 percent in the last five trading sessions. Promoters held 72.58 percent stake in Groovy India by the end of June 2024. The face value of the share is Rs 10. The market cap of the company is Rs 73.32 crore.

(Disclaimer: The information given here is based on the performance of the shares. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. AyraNews24x7 Hindi is responsible for any loss you may incur. Will not done.)

Tag: business news, multibagger stock, stock market, stock market