With a market capitalization of ₹ 133.13 crores, Growington Ventures India Ltd is a micro-cap company that operates in the commercial services industry. Its share price increased by 6.99% on Monday’s early trades after the company announced a bonus issue. In fact, its share price is on an uptrend and has gained 37.07% in the past month.
The company’s board of directors has approved the issue of bonus shares in the ratio of 24 shares of ₹ 10 each for every 100 shares of ₹ 10, i.e in the ratio of 24:100. It has set March 25, 2023, as the record date to determine the eligibility of its shareholders to receive bonus shares.
It has gained a whopping 794.31% in the past year as its share price increased from ₹ 12.30 apiece to ₹ 110.00 apiece as of 01:24 PM on Monday. Therefore, if an investor would have invested ₹ 1 lakh in the company’s shares a year ago, the value of their holdings would have been ₹ 8.94 lakhs today!
On a standalone basis, the company reported a revenue of ₹ 3.82 million in the July to September quarter of 2022, registering an increase of a massive 1264.29% against ₹ 0.28 million reported in the corresponding quarter of the previous year. Its latest results are awaited.
Written by Simran Bafna
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