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Akshita Cotton, a small company, has made a big announcement. The company has announced bonus shares to its investors. Akshita Cotton is giving bonus shares in the ratio of 1:3. That is, the company will issue 1 bonus share for every 3 shares. The company has not yet announced the record date of the bonus shares. This is the third time in the last 4 years that the small cap company Akshita Cotton is offering bonus shares. The stock of the company has grown tremendously in the last 2 years. The share of the company has increased from Rs.2 to Rs.30.
The stock crossed Rs.2 to Rs.30, up 1530%
Shares of Akshita Cotton have given multibagger returns over the past few years. On July 9, 2021, the shares of the company were Rs. were at 1.84. Shares of Akshita Cotton have touched Rs 30.18 on 24 November 2023. Shares of Akshita Cotton have gained more than 1530% during this period. This increase in the company’s shares is after the share distribution. Akshita Cotton did a stock split in the ratio of 1:10 in October 2022. That is, the company has Rs. 10 shares with a face value of Rs. Divided into shares of face value of 1.
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Third time bonus share gift
Smallcap company Akshita Cotton has announced bonus shares in the ratio of 1:3 in the board meeting held on Thursday, November 23, 2023. The company had earlier given bonus shares in the ratio of 1:2 in January 2022. That is, the company gave 1 bonus share for every 2 shares. Akshita Cotton had earlier given bonus shares in the ratio of 1:1 in December 2019. That is, the company gifted 1 bonus share for every 1 share. The company’s stock touched a 52-week high of Rs. There are 83. At the same time, the company’s shares hit a 52-week low of Rs 24.70.
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