Multibagger Penny Stock Below 30 in just 12 months: Board is likely to announce bonus shares and stock split!

Shares of Vinny Overseas Ltd., one of the top gainers on the BSE today, rose and hit an upper price range of Rs 188.55 per share after being stuck in the 5% upper circuit. The stock also hit a brand-new 52-week high of Rs 188.55. The cost of the company’s shares has recently surged, reaching successive higher circuits.

According to the Company’s most recent news release, the Board of Directors meeting will take place today, or on January 16, 2023, to discuss the following proposals: To review, approve, and suggest a stock split of the company’s equity shares; to consider issuing bonus shares to shareholders; and to consider increasing the company’s authorised share capital.

Market capitalization for Vinny Overseas Limited is Rs 190.70 crore. It manufactures and exports textiles as a business. The business sells cotton and rayon textiles for shirts, kurtis, and outfits. Worldwide clientele are served by Vinny Overseas. The company declared successful performance in the quarterly financial report.

The company generated multibagger gains of 128.17% in just six months, compared to a 10.39% rise in the BSE Small-Cap Index. Investors want to keep a watch on this stock with multiple gains.