We’re talking about multibagger stocks, which have risen more than 100% in a year, and we’ve put together a list of related corporate moves to keep an eye on in May.
Cosmo Pictures is a production company based in Los Angeles.
The company informed the BSE yesterday that “This is to inform you that, pursuant to Regulation 30 read with Part A of Schedule III and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company has approved the issue of Bonus Equity Shares in the proportion of 1 (One) Equity Share of Rs. 10/- each for every 2 (Two) existing Equity Shares of Rs. 10/- each held by the Company’s shareholders as of today, May 09, 2022. [ Multibagger Stocks To Watch]
The record date for determining whether stockholders are eligible for bonus shares will be announced later.” According to the BSE, the Board of Directors has also considered “Change in name of the Company from “Cosmo Films Limited” to “Cosmo First Limited” and corresponding changes in the Company’s Memorandum and Articles of Association, subject to the approval of the Company’s shareholders via postal ballot, Ministry of Corporate Affairs, and any other applicable statutory / regulatory approvals; as may be required.”
The stock closed at a market price of Rs. 1,835.50 today, down 121.90 (-6.23%) from its previous closing price of Rs 1957.40. The stock has climbed from Rs 695.60 on May 11, 2021 to Rs 1,835.50 at 3:30 p.m. IST on May 10, 2022, indicating a multibagger return of 163.87 percent in one year.
Dolfin Rubbers Ltd is a company that manufactures rubber products.
The board of directors of Dolfin Rubbers Ltd has approved the issuance of 1:3 bonus equity shares, subject to shareholder approval. The 17th of May 2022 has been selected as the record date for the same. “Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in furtherance of the Shareholder resolution passed through Postal Ballot e-voting on April 28, 2022.
We would like to inform you that the Company has fixed Tuesday, May 17, 2022 as the “Record Date” for the purpose of ascertaining the eligibility of shareholders entitled to issuance of Bonus Equity Shares of the CSE,” the company said in an exchange filing. [ Multibagger Stocks To Watch]
The stock has risen from Rs 46 on May 12, 2021 to Rs 116 today, showing a 152.17 percent multibagger return in just one year. The stock finished at Rs 116.00 today, down -2.00 (-1.69%) from its previous closing of Rs 118.
BLS International Services Ltd. is a company that provides international services.
BLS International Services Limited’s board of directors announced a 1:1 bonus issue on May 9, 2022, meaning one bonus equity share for every one fully paid equity share owned, with a record date of May 17, 2022.
In a stock exchange filing, the business also stated that “The Board has decided to pay a final dividend of Rs 0.25 per share (on a post-bonus paid-up share capital of Rs 20.49 crore) totaling Rs 5.12 crore. Together with the interim dividend of Rs 1.00 per share, the planned dividend payout for FY22 totals Rs 15.4 crore.” Revenue climbed by 76% from Rs 145 Cr in Q4FY21 to Rs 254 Cr in Q4FY22, according to the company’s Q4 & FY22 Highlights. [ Multibagger Stocks To Watch]
EBITDA has grown by 247 percent, from Rs 10 crore to Rs 35 crore, with EBITDA margin increasing from 7.0 percent in Q4FY21 to 13.8 percent in Q4FY22. The company earned Rs 35 crore in PAT in Q4FY22, up from Rs 23 crore in Q4FY21, a 53% increase. From Rs 15.6 Cr in Q4FY21 to Rs 37.3 Cr in Q4FY22, the company’s PBT has increased by 139.1%.
The EPS, on the other hand, has risen from 2.29 to 3.44 percent. The stock has increased from Rs 95.45 on May 11, 2021 to Rs 332.40 today, a multibagger return of 248.25 percent in just one year. The stock ended the day at Rs 332.40, down -8.00 (-2.35 percent) from its previous finish of Rs 340.40.[ Multibagger Stocks To Watch]
India’s Gujchem Distillers
Gujchem Distillers India has announced a stock split for FY-22, with the record date scheduled for May 27, 2022, and the stock trading ex-split as of that day.
The company has informed the BSE that its Board of Directors has “considered and fixed the record date as Friday, May 27, 2022 for determining the eligibility of Shareholders, with regard to the Sub-Division of the one(1) Equity share of face value of Rs. 10/- (Rupees Ten Only) each into ten (10) equity shares of face value of Re. 1/- (Rupee One Only) each in terms of Regulation 42(2) of SEBI (Listing Obligations and Disclosure . [ Multibagger Stocks To Watch]
The stock has increased from Rs 85.50 on May 11, 2021 to Rs 604.85 today, a multibagger return of 607.43% in just a year. The stock closed at Rs 604.85, up +28.80 (5.00 percent) from its previous close of Rs 576.05. [ Multibagger Stocks To Watch]