Shares of this Media entity were locked in the 5 percent upper circuit today and have been on the rise this week jumping more than 15 percent.
With a market capitalization of Rs 50 crores, the stocks of VR Films & Studios Limited were locked in the 5 percent upper circuit in Thursday’s trading session at a price of Rs 354.05.
Observing the last four trading sessions this week, the scrip hit the circuit multiple times and soared around 16 percent on an aggregate level, i.e., from Rs 305.60 on 17th July 2023 to the current price level.
Such sharp movements in the stock prices were observed after the company, through a regulatory filing with the Bombay Stock Exchange (BSE) dated 15th July 2023, announced the Record Date for the company’s Bonus Issue to be 26th July 2023. The Ex-Date is also the same due to the “T+1” settlement cycle for instruments.
The Bonus shares will be issued in the ratio of 7:1, i.e., seven bonus equity shares of Face Value Rs 10 each for every fully paid-up equity share.
Keeping a purview of 2 years, the company’s stock has delivered multibagger returns of around 220 percent. It means that if someone would have invested Rs 1 Lakh into the stock, it would have converted to Rs 3.20 Lakhs within a period of two years.
V R Films & Studios Limited is a company based in India that provides dubbing as well as film distribution solutions for movies, OTT, television, and the digital industry. The company releases films on platforms such as Satellite TV, Theatre, and digital space as well.
Written by Amit Madnani
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