This Stock Hits 52-Wk High on 24:100 Ex-Bonus Day, Soars 861% in 1 Year

  • Investing.com
  • Stock Market News
This Stock Hits 52-Wk High on 24:100 Ex-Bonus Day, Soars 861% in 1 Year

By Malvika Gurung

Investing.com -- Shares of Growington Ventures India (BO: GROI ) hit a new 52-week high of Rs 98.3 apiece on Friday as they turned ex-bonus in the ratio of 24:100 for the session.

The travel agency company’s Board approved to issue or award 24 bonus shares of Rs 10 each for every 100 fully paid-up shares of Rs 10 apiece held by the shareholders of Growington Ventures as on the record date.

The Bonus Shares so distributed shall be treated as an increase in the paid-up capital of the Company, it said in a BSE filing.

The record date for determining the members eligible for the allotment of bonus shares in a 24:100 bonus ratio is fixed as Saturday, March 25, 2023.

The Navi Mumbai-based company is a multibagger stock as its shares have soared massively by 861% in the past one year.

According to InvestingPro models, the average fair value set on Growington Ventures’ stock stands at Rs 51.4/share, indicating a 47.7% downside compared to the current share price.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search

Related Articles