Home / Markets / Stock Markets /  Multibagger stock surges 195% YTD, fixes record date for 2:3 bonus shares

With a market valuation of 22.60 Cr, U. H. Zaveri Ltd. is a small cap company that operates in the consumer discretionary industry. Since its founding in 1999, U.H.Zaveri Limited has earned a reputation as a leading jewellery store in Ahmedabad. The business activities of the company include both retail and wholesale jewellery trading. Jewelry made of both gold and silver is included in the company's product line. The Board of Directors of the corporation has made the record date public in order to ascertain the shareholders' eligibility for the 2:3 bonus shares.

Bonus share details of U. H. Zaveri Ltd

The company has said today in a regulatory filing that “Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform you that the company has fixed Wednesday, October 19, 2022 as the “Record Date" for determining the eligibility of members for the purpose of Bonus Issue of the equity shares of the company for face value of Rs.10 /- each subject to In Principal approval letter of BSE Limited."

Bonus share details of U. H. Zaveri Ltd
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Bonus share details of U. H. Zaveri Ltd (BSE)

Today's closing price for U. H. Zaveri Ltd shares was 36.95 a piece, up 0.14% from the previous close of 36.90. The stock has appreciated 55.25% during the past five years, and over the past three years, it has delivered a multibagger return of 253%. The stock price has gone up from 12.50 on January 3, 2022, to the current market price on a YTD basis, representing a multibagger return of 195.60%. The stock has soared from 16.10 on April 8, 2022, to the present market price during the past six months, resulting in a multibagger return of 129.50%.

The stock has climbed by 53.32% during the past month and by 6.33% over the past five trading sessions. The stock reached a new high today of 36.95 thanks to a volume of 3,000 shares, whereas it had previously reached a 52-week low of 12.50 on (03/01/2022). This means that after reaching a new high today, the stock was last seen trading 195.60% above the low. The corporation recorded a promoter stake of 63.76% for the quarter that ended in March 2022 and a public shareholding of 36.24%.

ABOUT THE AUTHOR

Vipul Das

Vipul Das is a Digital Business Content Producer at Livemint. He previously worked for Goodreturns.in (OneIndia News) and has over 5 years of expertise in the finance and business sector. Stocks, mutual funds, personal finance, tax, and banking are among his specialties, and he is a professional in industry research and business reporting. He received his bachelor's degree from Dr. CV Raman University and also have completed Diploma in Journalism and Mass Communication (DJMC).
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