{"id":88939,"date":"2023-02-08T17:20:00","date_gmt":"2023-02-08T11:50:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=88939"},"modified":"2023-02-08T16:24:38","modified_gmt":"2023-02-08T10:54:38","slug":"midcap-multibagger-stock-declares-a-13-bonus-issue-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/midcap-multibagger-stock-declares-a-13-bonus-issue-check-the-details\/","title":{"rendered":"Midcap multibagger stock declares a 1:3 bonus\u00a0issue; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2430567384\"><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>Pipe manufacturer Astral\u2019s board of directors in their meeting held on Tuesday, February 07, 2023, considered and approved the issue of bonus shares in the proportion of 1:3, or 1 equity share for every three shares held as of the record date. The Company has fixed Tuesday, March 14, 2023, as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled to the issue.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-718614018\"><!-- 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>The bonus will be issued out of free reserves and\/or the securities premium account of the company, available as of March 14, 2023. The pre-bonus paid-up equity share capital was at \u20b9 20,14,58,679, consisting of 20,14,58,679 equity shares of \u20b9 1 each on February 07, 2023. The post-bonus paid-up equity share capital is expected to be around \u20b9 26,86, 11,572 consisting of 26,86,11,572 equity shares of \u20b9 1 each. It is estimated that the bonus shares will be credited\/ dispatched within two months from the date of board approval, i.e., by April 06, 2023.&nbsp;<\/p><p>On a consolidated basis, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ASTRAL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Astral<\/a><\/strong> reported a 15% increase in revenue from operations of \u20b9 1267.8 crores in the October to December quarter of 2022, against \u20b9 1102.7 crores in the corresponding quarter of the previous year. However, its net profit decreased by 23.7% to \u20b9 94.9 crores against \u20b9 127.9 crore in the same period a year ago.\u00a0<\/p><p>The company\u2019s shares have given multibagger returns of 126.55% in the past three years. Therefore if an investor would have invested \u20b9 1 lakh in the company\u2019s shares five years ago, the value of their holdings would have been \u20b9 2.26 lakh today.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4009467221\"><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>Astral Limited is a large-cap company that operates in the industrial sector. Its shares closed at \u20b9 2038.60 apiece on Wednesday. The company manufactures plumbing and drainage systems and has also forayed into the adhesive business over the years. It is a mid-cap company with a market capitalization of \u20b9 41,794 crores. It has an ideal return on equity of 22.86% and an ideal debt-to-equity ratio of 0.04.&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\">Disclaimer<\/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 content in this news article is not investment advice. 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-2992730904\"><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>Pipe manufacturer Astral\u2019s board of directors in their meeting held on Tuesday, February 07, 2023, considered and approved the issue of bonus shares in the proportion of 1:3, or 1 equity share for every three shares held as of the record date. The Company has fixed Tuesday, March 14, 2023, as the Record Date, for [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28544,"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":[5969,5971,5970,5966,5967,5968,5467,3827,3828,2660,2843,2659,948,936,3153,3157,2597],"class_list":["post-88939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-astral-pipes","tag-astral-pipes-bonus-issue","tag-astral-pipes-share-pipes","tag-midcap-multibagger-stocks","tag-midcap-multibagger-stocks-2023","tag-midcap-multibagger-stocks-to-buy-now","tag-midcap-stocks-2023","tag-midcap-stocks-at-discount","tag-midcap-stocks-list","tag-multibagger-stock","tag-multibagger-stocks-india","tag-multibaggers","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","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>Midcap multibagger stock declares a 1:3 bonus\u00a0issue; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The company\u2019s shares have given multibagger returns of 126.55% in the past three years. Therefore if an investor would have invested \u20b9 1 lakh in the company\u2019s shares five years ago, the value of their holdings would have been \u20b9 2.26 lakh today.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/midcap-multibagger-stock-declares-a-13-bonus-issue-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Midcap multibagger stock declares a 1:3 bonus\u00a0issue; Check the details\" \/>\n<meta property=\"og:description\" content=\"The company\u2019s shares have given multibagger returns of 126.55% in the past three years. 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