Monarch Networth Capital, a smallcap company known for delivering multibagger returns, has announced a generous reward for its shareholders.
The company is issuing bonus shares to investors at a ratio of 1:1, meaning shareholders will receive one bonus share for every share they hold.
The company’s shares will be traded on Friday, September 13, the record date for bonus shares.
Over the past four years, Monarch Networth Capital shares have soared by over 4000%.
Stock Performance Over the Last Five Years
In the last five years, Monarch Networth Capital shares have surged more than 4000%. On September 13, 2019, the stock price was Rs 21.35.
As of September 12, 2024, the share price closed at Rs 917.35. This significant growth has pushed the company’s market capitalization to Rs 2912 crore.
According to BSE data, the stock has risen 517% in the past three years alone.
Impressive Gains in the Past Year
Monarch Networth Capital’s shares have increased by approximately 187% over the last year, with the stock climbing from Rs 322.90 on September 13, 2023, to Rs 917.35 on September 12, 2024.
Over the past six months, the shares have risen by about 80%, and in the last three months, they have grown by 69%. In just one month, the stock has seen a 35% increase.
The promoters currently hold a 52.79% stake in the company, while the public holds the remaining 47.21%.
The company’s net profit for the June 2024 quarter stood at Rs 37.11 crore, as per BSE data.
