{"id":102468,"date":"2023-05-05T15:45:00","date_gmt":"2023-05-05T10:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=102468"},"modified":"2023-05-05T15:40:42","modified_gmt":"2023-05-05T10:10:42","slug":"multibagger-stock-with-242-returns-announces-110-stock-split-and-14-bonus-issue","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-with-242-returns-announces-110-stock-split-and-14-bonus-issue\/","title":{"rendered":"Multibagger stock with 242% returns announces 1:10 stock split and 1:4 bonus issue\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3963309526\"><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 Kenvi Jewels Limited opened its trading hour today at Rs 138 and are currently locked in the 5 percent upper circuit. Moreover, it touched the 52-week high mark at a price of Rs 138.75. In the last 5 trading sessions, the stock has gained more than 20 percent ranging from Rs 115.15 to the current levels.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2069443998\"><!-- 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>Such movements in the stock prices are observed after the company, through a regulatory filing with the exchange, announced a 1:10 sock split, i.e., 1 equity share of Rs 10 each will be split into 10 equity shares of Rs 1 each.&nbsp;<\/p><p>Moreover, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/540953\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Kenvi Jewels<\/a><\/strong> also announced a 1:4 bonus issue meaning that the shareholders will receive 1 bonus share of Rs 1 each for every 4 shares of Rs 1 each held by them. The filing further mentioned the record date for the same is fixed to be May 16th, 2023.\u00a0<\/p><p>The company has been successful in delivering multibagger returns of approximately 242 percent in the Year-To-Date (YTD) period. It means that if someone would have invested Rs 1,00,000 in the stock, it would have converted to Rs 3,42,000 within the above-mentioned period.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3375355696\"><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>Kenvi Jewels Limited is primarily engaged in the business of manufacturing and retailing jewellery. Apart from the same, the company is also involved in wholesaling and trading of gold jewellery products.&nbsp;<\/p><p>It sells gold jewellery (with or without studded diamonds), precious and semi-precious stones, etc. Some of the products offered by the company include Wedding Jewellery, Rings, Earrings, Nose rings\/Nose pins, bracelets &amp; Bangles, etc.&nbsp;<\/p><p>Digging into the financials of the company, the revenues, as well as net profit numbers, were reported with a decent amount of increase in recent quarters. Revenues increased from Rs 20 crores in Q2 to Rs 22 crores in Q3 and net profits took a shift from Rs 7 lakhs to Rs 8 lakhs during the same period.&nbsp;<\/p><p>The basic profitability ratios exhibiting operational efficiencies such as return on equity (ROE) and return on capital employed (ROCE) showed an upward trend in the past couple of financial years. ROE moved from 2.25 percent during FY20-21 to 3.15 percent in FY21-22 and ROCE, keeping the timeframe the same, took a shift from 3.44 percent to 5.41 percent.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/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-2499442859\"><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 Kenvi Jewels Limited opened its trading hour today at Rs 138 and are currently locked in the 5 percent upper circuit. Moreover, it touched the 52-week high mark at a price of Rs 138.75. In the last 5 trading sessions, the stock has gained more than 20 percent ranging from Rs 115.15 to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24849,"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":[1513,31],"tags":[9005,9004,9003,9006,948,936,9008],"class_list":["post-102468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-kenvi-jewels-bonus-issue-2023","tag-kenvi-jewels-latest-news","tag-kenvi-jewels-share-price","tag-kenvi-jewels-stock-split-2023","tag-stock-market","tag-stock-market-news","tag-why-is-kenvi-jewels-going-up"],"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 with 242% returns announces 1:10 stock split and 1:4 bonus issue\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of the company opened its trading hour today at Rs 138 and are currently locked in the 5 percent upper circuit. 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