Rajnish Wellness Ltd is a BSE-listed stock that has given multi-bagger returns to its shareholders in the past year. The shares of the company are trading at ₹197.25 as of IST: 14:06, Friday.
The stock has surged from ₹4.92 per share to ₹197.60 per share giving a multi-bagger return of 3,913.21% in the last year. This means that if ₹1,00,000 was invested in the shares of the company 1 year ago, the value of the holdings would have been ₹40,13,210.
On a YTD basis, the share has given a multi-bagger return of 865.53%. This means that if ₹1,00,000 was invested in the shares of the company at the beginning of the year, the value of the holdings would have been ₹9,65,530.
The board of directors of the company has approved the stock split and bonus issue at the meeting held on June 13, 2022.
The board of directors has approved the split/sub-division of equity shares of the company from 1 share of ₹10 to 5 shares of ₹2. The record date for the split/subdivision is yet to be announced by the company.
The board has also approved the issue of Bonus shares of 25,61,58,220 equity shares to its existing shareholders in the ratio of 2:1 as of the record date.
The split/subdivision and Bonus will be subject to the approval of shareholders and other statutory approvals
They have a Market Capitalization of ₹189.07 crores. The promoters hold an 18% stake in the company and 81% of the stake in the company is held by the public.
Rajnish Wellness Ltd is engaged in the business of selling various products in the categories ranging from consumer durables to ayurvedic personal care products.
Written by: Aaron Vas
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