Multibagger jewelry stock declared record date for 5:1 bonus shares. Do you own?

Informing Indian stock market exchanges about bonus shares record date, the small-cap jewelry company said, “With reference to the subject cited, this is to inform the Exchange that the Board of Directors of Punit Commercials Limited (Company) at its meeting held on October 04, 2022 considered the issue of fully paid-up Bonus shares in the ratio of 5:1 (i.e., 5 bonus equity shares for every 1 equity share held) subject to the approval of the members of the Company in the Extraordinary General Meeting to be held on October 28, 2022.”

“The Board of Directors of the Company in its Board Meeting held on October 04, 2022 have authorized Mrs. Vinita Raj Narayanam, Managing Director of the Company to fix the Record date for the purpose of determining entitlement/ eligibility of shareholders (Members) to receive the Bonus Shares, and accordingly, the record date has been fixed as Wednesday, November 09, 2022,” the small-cap jewelry company added.

Punit Commercials share price history

Shares of Punit Commercials are one of the multibagger stocks of Indian stock market. The BSE listed stock has risen from around ₹20 to ₹51.25 apiece levels in near one and half months, delivering near 150 per cent return to its shareholders. In last one month, this small-cap jewelry stock has surged from around 36.55 to ₹51.25 apiece levels, ascending to the tune of 40 per cent.