Multibagger Penny Stock Khoobsurat Ltd to Consider Bonus Shares and Dividend; Stock Hits Upper Circuit for Fifth Day

Stock Market Update: The board of directors of Khoobsurat Ltd, a micro-cap company, is planning to issue bonus shares and dividends to its shareholders. The company announced that it will discuss and approve the proposal for bonus shares and dividend payment at its upcoming board meeting on August 12, 2024. Over the past year, Khoobsurat shares have doubled in value, making it one of the multibagger stocks in the Indian market.

Details of Khoobsurat Bonus Shares 2024

The company informed the stock exchanges about the upcoming board meeting. According to the notice, the board will meet on August 12, 2024, to discuss:

1. Declaration of Bonus Shares: Considering a bonus issue of equity shares, pending shareholder approval.
2. Declaration of Dividend: Considering a dividend on equity shares.

Khoobsurat Share Price History

Over the past month, Khoobsurat’s share price has increased from ₹1.39 to ₹1.79, a rise of about 25%. In the last six months, it has gone up from ₹1.35 to ₹1.79 per share, a 35% increase. Over the past year, the stock has surged from ₹0.90 to ₹1.79, delivering a 100% return to shareholders.

This multibagger penny stock has been hitting the upper circuit for the last five trading sessions. It is only traded on the BSE. Currently, Khoobsurat has a market cap of ₹86 crore, a trading volume of 3,68,74,097 shares, with three hours of trading still left on Thursday. The stock’s 52-week high is ₹1.79, achieved today, and its 52-week low is ₹0.74 per share.