Multibaggger EKI Energy Sevices ltd hit an upper circuit of 20% on Monday. This was after the stock went ex-bonus. In the early trading session of Tuesday, the stock price has so far risen by 18.40% and is currently trading at Rs 2,660 levels. In the last two trading sessions, the stock is up by more than 35%
The company went public and raised Rs 18.6 Crores through its initial public offering. In a period of fewer than two years, the stock has given a maxim return of 5,449%.
The stock price has skyrocketed in the past year from Rs 180.66 to Rs 2,248.30 which represents a massive return of 1,144.49%. The stock zoomed exponentially from 180 in July 2021 to Rs 3114 in January 2022. This represents a multibagger return of 1623%.
Earlier, the board of the company issued bonus shares. The ratio is set as 3:1. This means that for every one share owned, three additional shares would be issued. For this, the company has set the record date as July 5th, 2022, and hence the stock traded as ex-bonus on 4th July 2022.
According to the company’s exchange filing, the company expects to credit or release the bonus shares on or before July 12, 2022, to the shareholders.
The large-cap company offers solutions for climate change, carbon credits, and sustainability. Its services include services like carbon offset standards, carbon offsetting, renewable energy attributes, carbon footprinting & neutrality.
EKI Energy Services caters to both government and private entities in the domains of waste management, power generation, and clean development mechanism at airports.
Written by – Anoushka Roy
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