{"id":103379,"date":"2023-05-24T16:50:00","date_gmt":"2023-05-24T11:20:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=103379"},"modified":"2023-05-24T16:25:53","modified_gmt":"2023-05-24T10:55:53","slug":"small-cap-stock-jumps-after-company-announces-a-11-bonus-issue-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-after-company-announces-a-11-bonus-issue-check-the-details\/","title":{"rendered":"Small Cap stock jumps after company announces a 1:1 bonus issue; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-126001287\"><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>With a market capitalization of \u20b9 1,624 crores, Vardhman Special Steels is a small-cap stock. The company is engaged in manufacturing billets, steel bars &amp; rods and bright bars of various categories of special and alloy steels.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2548024130\"><!-- 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>It has announced a bonus issue of equity shares to investors in the ratio of 1:1. This means that investors will receive one bonus equity share for every equity share that they hold in the company. The company recently revised the record date for the issue to May 26, 2023.&nbsp;<\/p><p>At 03:25 PM on Wednesday, its shares were trading at \u20b9 405.00 apiece. In the past year, the company\u2019s share price increased by 92 percent from \u20b9 210.05 apiece to the current levels, almost giving multibagger returns.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/VSSL\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Vardhman Special Steels<\/a><\/strong> has an ideal return on equity of 16.78% and an ideal debt-to-equity ratio of 0.22. Its shares were trading at a price-to-earnings ratio (P\/E) of 16.25, which is higher than the industry P\/E of 11.96, indicating that it might be overvalued as compared to its peers.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-3605907465\"><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>The company\u2019s promoters hold a 60.71% stake in it followed by retail investors with 31.12%, foreign institutions with 1.14% and mutual funds with 1.03%.&nbsp;<\/p><p>The company registered a 53.13% decline in its net profit to \u20b9 13.68 crores for the January to March quarter (Q4FY23), as compared to \u20b9 29.19 crores reported in the corresponding quarter last year (Q4FY22). Its revenue from operations climbed 17.09% to \u20b9 427.23 crores in Q4FY23, as compared to \u20b9 364.86 crores in Q4FY22.&nbsp;<\/p><p>For the entire year (FY23), the company\u2019s net profit declined marginally to \u20b9 100.45 crores, against \u20b9 100.75 crores in the previous year (FY22). Its revenue increased by 26.94% to \u20b9 1,773.74 crores in FY23, as compared to \u20b9 1,397.35 crores in FY22.&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-915245586\"><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>With a market capitalization of \u20b9 1,624 crores, Vardhman Special Steels is a small-cap stock. The company is engaged in manufacturing billets, steel bars &amp; rods and bright bars of various categories of special and alloy steels.&nbsp; It has announced a bonus issue of equity shares to investors in the ratio of 1:1. This means [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28546,"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":[5641,5836,948,936,9457,9456,9458,9455],"class_list":["post-103379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-small-cap-stock-to-buy-in-2023","tag-small-cap-stocks-to-buy-now","tag-stock-market","tag-stock-market-news","tag-vardhaman-special-steel-bonus-issue","tag-vardhaman-special-steel-latest-news","tag-vardhaman-special-steel-q4-results-2023","tag-vardhaman-special-steel-share-price"],"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>Small Cap stock jumps after company announces a 1:1 bonus issue; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"With a market capitalization of \u20b9 1,624 crores, the company is a small-cap stock. 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