2022 multibagger stock to trade tomorrow ex-bonus: check if you own

So far in 2022, a few dime and small-cap stocks have generated multibagger gains on a year-to-date (YTD) basis. Since the start of first-quarter corporate results, various corporate activities have also occurred that stock market watchers should be aware of. When it comes to multibagger returns and corporate activities like free shares, Hardwyn India shares are a standout example. For the purposes of issuing bonuses in a 1:2 ratio, the company has set July 26 as the record date and therefore the stock will become ex-bonus tomorrow.

The company’s board of directors said in a regulatory filing that “this is to inform you that the company has revised the record date to Tuesday, July 26, 2022 for the purpose of verifying the eligibility of shareholders with right to the issue of one Free Share paid up in a ratio of 1:2 (i.e. issue of 1 (one) capital share for every 2 (two) existing capital shares held of 10/- on the registration date mentioned above), each being subject to the approval of the Shareholders. The Company will declare the result of the postal vote and communicate it to the Stock Exchanges on July 18, 2022. Thus, the deadline for determining the record date will begin on July 19, 2022. Accordingly, the revised record date, c’ i.e. Tuesday, July 26, 2022 complies with SEBI Regulation 42 (Registration and Disclosure Requirements) 2015.”

The stock has gained 127.42% over the past year, rising from 120 on April 12, 2021, at 272.90 as of July 22, 2022, 3:30 p.m. IST. This indicates a multibagger gain. The stock’s multibagger yield for the year-to-date (YTD) in 2022 is 127.42%. The stock has given a multibagger return of 127.42% over the past six months and an increase of 18.65% over the past month. The stock has gained 10.06% over the past five trading days, closing Friday at 272.90 per share, up 4.98% from the previous close. On the BSE, 6,312 shares were traded on Friday and based on the last traded price, Hardwyn India is trading above the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.

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