open demat account

Commercial services company Sarthak Industries Ltd has announced a bonus issue in the ratio of 1:3. Its shares closed at ₹ 176.55 apiece on Wednesday on the Bombay Stock Exchange (BSE). It has given multibagger returns of 2867.23% in the past five years. 

Sarthak Industries Ltd is a small-cap company that manufactures and repairs LPG Cylinders. In addition, it is involved in merchant trading of agri-commodities, mining and mineral-based industry on an opportunity basis. 

The company on December 05, 2022, informed the exchanges that its board has fixed Friday, 16th December 2022 as the record date for a bonus issue. However, this date was later changed to Tuesday, December 20, 2022. 

The company will issue one new equity bonus share of ₹ 10 each for every three existing fully paid shares of ₹ 10 each held by its shareholders. It will hold an extraordinary general meeting (EGM) to receive shareholders’ approval on Saturday, December 10, 2022. 

Sarthak Industries has given multibagger returns of 2867.23% since its listing on March 01, 2018, as its share price rallied from ₹ 5.95 to ₹ 176.55. Therefore, if an investor would have invested ₹ 1 lakh in the company’s shares at the time of its listing, the value of their holdings would have been ₹ 29.67 lakhs today! 

Written by Simran Bafna 


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.

To stay updated with the Latest Stock Market news, download our app here!

For editorial purposes, contact news@tradebrains.in

Start Your Financial Learning Journey

Want to learn Stock Market and other Financial Products? Make sure to check out, FinGrad, the learning initiative by Trade Brains. Click here to start your financial learning journey with us. And do not miss out on the Introductory Offer!!