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Benchmark indices opened higher with marginal gains on monthly F&O expiry on positive global cues. The BSE Sensex was up 130.59 points or 0.21% at 61641.17, and the NSE Nifty 50 was up 40.60 points or 0.22% at 18307.90. 

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With the rising markets, here are 2 multibagger stocks that will trade ex-bonus on Friday:

Commercial Syn Bags Ltd 

The shares of Commercial Syn Bags Ltd were trading 3 percent higher at Rs 327 levels in the early hours of Thursday. In the past six months, the stock has gained approximately 34 percent. 

Commercial Syn Bags is a manufacturer of FIBC, Tarpaulin, Woven Sacks, and BOPP Bags. The company is engaged in providing customized packaging services to its customers. 

The board of the company has announced a bonus issue of shares. The shares will be issued in a ratio of 2:1 which means that Two new equity shares will be issued for every One existing share held by the investor. The share will trade ex-bonus on November 25th, 2022. 

In November 2020, the shares traded at Rs 63 a piece on BSE. Rising to the current levels, the stock has logged a multibagger return of 420 percent in 2 years. An investment of Rs 1 lakh in the shares of the company then would be worth Rs 5.20 lakhs today. 

Maharashtra Seamless Ltd 

The shares of Maharashtra Seamless Ltd were trading marginally lower at Rs 774 levels on Thursday morning. In the past six months, the stock has gained approximately 40 percent. 

Maharashtra Seamless Ltd, part of the D.P Jindal Group, was incorporated in 1988 and is engaged in the business of manufacturing of Steel Pipes and Tubes. It is also involved in power generation. 

The board of the company has announced a bonus issue of shares. The shares will be issued in a ratio of 1:1 which means that One new equity share will be issued for every One existing share held by the investor. The share will trade ex-bonus on November 25th, 2022. 

In November 2020, the shares traded at Rs 245 a piece on NSE. From there it has risen to the current levels, logging a multibagger return of 216 percent in 2 years. An investment of Rs 1 lakh in the shares of the company then would be worth Rs 3.16 lakhs today. 

Written by Anoushka Roy

Disclaimer

The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

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