{"id":104575,"date":"2023-06-27T13:53:28","date_gmt":"2023-06-27T08:23:28","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104575"},"modified":"2023-06-27T13:53:30","modified_gmt":"2023-06-27T08:23:30","slug":"multibagger-stock-with-459-returns-announces-110-bonus-issue-check-the-record-date-here","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-with-459-returns-announces-110-bonus-issue-check-the-record-date-here\/","title":{"rendered":"Multibagger stock with 459% returns announces 1:10 bonus issue; Check the record date here"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-997668318\"><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 Ddev Plastiks Industries Ltd were trading 5% higher as its shareholders have approved the issue of bonus shares. They reached a record high of \u20b9 231.00 apiece by 12:49 PM on Tuesday.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1776289631\"><!-- 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>In an exchange filing, the company informed that it has its shareholders vide postal ballot, have approved the allotment of bonus shares in the ratio of 1:10. Therefore, eligible shareholders will receive one bonus equity share in exchange for every ten equity shares that they hold in the company. The company has fixed June 30, 2023, as the record date for the purpose of this issue.&nbsp;<\/p><p>In the past year, the company\u2019s share price zoomed from \u20b9 41.30 to the current level giving multibagger returns of 459%. Therefore if an investor had invested \u20b9 1 lakh in the company\u2019s shares a year ago, the value of their holdings would have been \u20b9 5.59 lakhs today.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/543547\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Ddev Plastiks Industries<\/a><\/strong> is a polymer compound manufacturer with a diversified product portfolio. It has introduced engineering plastic compounds for white goods, automotive and the electrical appliances industry. It exports its products to over fifty countries around the world.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-277961393\"><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>With a market capitalization of \u20b9 2,070 crores, Ddev Plastiks Industries is a small-cap company. It has a high return on equity of 23.49% and an ideal debt-to-equity ratio of 0.11. The company\u2019s shares were trading at a price-to-earnings ratio (P\/E) of 19.89, which is higher than the industry P\/E of 15.41, indicating that the stock might be 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-1432887974\"><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 Ddev Plastiks Industries Ltd were trading 5% higher as its shareholders have approved the issue of bonus shares. They reached a record high of \u20b9 231.00 apiece by 12:49 PM on Tuesday.&nbsp; In an exchange filing, the company informed that it has its shareholders vide postal ballot, have approved the allotment of bonus [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20788,"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":[9590,9589,9588,3913,948,936,2597],"class_list":["post-104575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ddev-plastiks-bonus-issue-2023","tag-ddev-plastiks-latest-news","tag-ddev-plastiks-share-price","tag-multibagger-stock-to-buy","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch"],"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 459% returns announces 1:10 bonus issue; Check the record date here - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of the company were trading 5% higher as its shareholders have approved the issue of bonus shares. 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