Small-cap stock hits 20% upper circuit after bonus share move. Details here
Live MintBonus shares 2024: Shares of Kothari Products, engaged in real estate and international trade, surged to a four-month high of ₹205 apiece in intraday trade on Friday, December 20 as the stock hit the 20% upper circuit limit. In an exchange filing on Thursday, the company announced that its board will meet on December 27, 2024, to consider recommending bonus shares and an increase in authorised share capital, subject to member approval via a postal ballot process. "The company is hereby to inform you that a meeting of the Board of Directors of the Company is being convened on 27th December 2024, for considering the recommendation of bonus shares and an increase in authorized share capital of the Company, subject to the approval by its members through the postal ballot process in the said matter," the company said in its regulatory filing. Notably, in July 2024, the stock posted an impressive 56% surge, representing its largest monthly gain since February 2014, a period during which it delivered a multibagger return of 105%.