Aayush Wellness Ltd’s shares experienced a significant surge today, hitting the upper circuit limit following the announcement of a 1:2 bonus share issuance and an update on a rights issue. Here are the key details:
Current Stock Performance:
- Market Price: ₹102.24 per share (BSE).
- Market Capitalization: ₹331.77 crore.
- Recent Performance:
- Last 3 Months: +258%
- Last 1 Year: +3095%
- Year-to-Date: +1807%
- Last 2 Years: +4547%
- Last 3 Years: +3714%
- 52-Week High: ₹102.24 (as of October 29, 2024).
- 52-Week Low: ₹2.98 (on December 7, 2023).
Bonus Share Announcement:
Aayush Wellness has approved the issuance of 1,62,25,000 bonus equity shares in a 1:2 ratio, meaning shareholders will receive 1 fully paid-up equity share for every 2 existing shares they hold as of the record date, which will be announced later.
Rights Issue Details:
The company has also approved a rights issue to raise up to ₹49.90 crore by issuing equity shares at a face value of ₹1 each to eligible shareholders on a record date that will be determined and announced later.
Company Overview:
Founded in 1989, Aayush Wellness Ltd is a prominent player in the health and wellness sector, specializing in the manufacture and export of nutraceuticals, supplements, and healthy food products.
Disclaimer:
This information highlights the recent bonus share announcement and is not intended as a recommendation to buy, sell, or hold the stock. Investors should seek guidance from a financial advisor for tailored investment advice.
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