{"id":102374,"date":"2023-05-04T12:29:00","date_gmt":"2023-05-04T06:59:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=102374"},"modified":"2023-05-04T12:25:23","modified_gmt":"2023-05-04T06:55:23","slug":"multibagger-stock-in-green-after-company-announces-13-bonus-issue-and-110-stock-split","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-in-green-after-company-announces-13-bonus-issue-and-110-stock-split\/","title":{"rendered":"Multibagger stock in green after company announces 1:3 bonus issue and 1:10 stock split"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2781114614\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of Hardwyn India were in focus, ever since the company announced an issue of bonus shares and a stock split. It recently announced the record date for these corporate actions.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-997852598\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/HARDWYN\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Hardwyn India<\/a><\/strong> manufactures architectural hardware and glass fittings for residential and commercial structures. Its shares were trading at \u20b9 373.70 apiece at 12:11 PM on Thursday and Its share price has risen by 42.88 percent in the past month.\u00a0<\/p><p>According to an exchange filing, the company has approved a sub-division\/split of its equity shares of the face value of \u20b9 10 each into 10 equity shares of the face value of \u20b9 1 each, i.e., in the ratio of 1:10, subject to the approval of its shareholders.&nbsp;<\/p><p>Moreover, it has announced the issue of 1 bonus equity share of \u20b9 1 each for every three shares held by shareholders, i.e., in the ratio of 1:3. These shares will be issued out of the free reserves of the company available as at March 31, 2023. Free reserves of \u20b9 8,72,21,190 are required for the issue, and the company had \u20b9 8,85,00,000 in its reserves as of March 31, 2023.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2996522042\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Hardwyn India said in an exchange filing that these corporate actions have been announced to enhance liquidity, widen the shareholder base and make the shares more affordable to small investors. It has fixed Monday, 05th June 2023 as the record date for determining the eligibility of shareholders for these corporate actions.&nbsp;<\/p><p>In the past year, the company\u2019s shares have given multibagger returns of 130.92 percent as their share price increased from \u20b9 161.83 to \u20b9 373.70 apiece. If an investor would have invested \u20b9 1 lakh in the company\u2019s shares a year ago, the value of their holdings would have been \u20b9 2.30 lakhs today!&nbsp;<\/p><p>Hardwyn India has an ideal return on equity of 24.97 percent and an ideal debt-to-equity ratio of 0.42. Its shares were trading at a price-to-earnings ratio (P\/E) of 100.00, which is significantly higher than the industry P\/E of 12.05, indicating that it is overvalued as compared to its peers.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. 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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3370424638\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of Hardwyn India were in focus, ever since the company announced an issue of bonus shares and a stock split. It recently announced the record date for these corporate actions.&nbsp; Hardwyn India manufactures architectural hardware and glass fittings for residential and commercial structures. Its shares were trading at \u20b9 373.70 apiece at 12:11 PM [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[8952,8951,8950,8953,8797,5575,5727,948,936],"class_list":["post-102374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-hardwyn-india-bonus-issue-2023","tag-hardwyn-india-latest-news","tag-hardwyn-india-share-price","tag-hardwyn-india-stock-split-2023","tag-latest-stock-market-news","tag-multibagger-stocks-to-buy-in-2023","tag-multibagger-stocks-to-buy-now","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger stock in green after company announces 1:3 bonus issue and 1:10 stock split - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of the company were in focus, ever since the company announced an issue of bonus shares and a stock split. 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