read on app
These defense companies dominate the stock market. Avantel Ltd is one of the companies which has given strong returns to the investors for some time now. The company’s shares hit upper circuit on Friday. However, despite this the price of the company’s shares is still less than Rs 150. Let us tell you, this stock has been traded in the stock market only last week as an ex-bonus share.
share on upper circuit
The company had announced. That it will give 2 bonus shares on 1 share to eligible investors. The record date fixed for this was 24 November 2023. The shares of the company had hit an upper circuit of 10 percent on the same day of record date. After the installation of upper circuit, the price of shares of this defense stock reached the level of Rs 128.60 in BSE. The company had earlier given bonus shares to investors in 2022.
Money doubled in 6 months, now company is preparing to give bonus shares
Gift of bonus shares after stock split
In the month of August, the shares of the company were divided into 5 parts. After which the face value of the company’s shares had reduced to Rs 2 per share. This company has traded as an ex-dividend stock in the month of June. Then the company had given a dividend of Re 1 to the investors.
During the last one month, the share prices of Avantel Ltd have seen a rise of more than 22 percent. At the same time, investors who bought and held this stock six months ago have made a profit of 291 percent so far. In the last one year, this stock has gained more than 341 percent.
