V R Films & Studios, a smallcap company engaged in film production and distribution, is set to surprise its investors with a generous gift.
The company has announced a bonus share issuance in the ratio of 7:1, meaning shareholders will receive 7 bonus shares for each share they hold.
The record date for this bonus share distribution has been fixed as Wednesday, July 26, 2023.
Shares of V R Films & Studios on an Upward Trend for 4 Consecutive Days
The shares of V R Films & Studios have been soaring on the stock market, with prices hitting the upper circuit for four consecutive days.
On Thursday, the shares rose by 5% to reach Rs 354.05. The surge began on July 17, 2023, when the shares opened at Rs 305.90 on the Bombay Stock Exchange (BSE).
Impressively, the company’s 52-week high stands at Rs 600, while the 52-week low is Rs 163.35.
An Astounding 465% Surge in the Company’s Shares Over 3 Years
Investors in V R Films & Studios have witnessed a remarkable growth in the value of their shares over the past three years.
As of August 13, 2020, the company’s shares were priced at Rs 62.50 on the BSE.
Fast forward to July 20, 2023, and the shares are trading at Rs 354.05 on the same exchange.
In the first quarter of 2023 (January-March), the company generated a revenue of Rs 6.29 crore and recorded a net profit of Rs 1.14 crore.