Small-cap stock to consider bonus shares after 70% rally in YTD

livemint.com:

Bonus shares 2023: DP Wires are one of those multibagger stocks that has delivered whopping return to its shareholders in post-Covid rally. In these near three and half years time, this stock has rallied from around ₹50 apiece levels to over ₹700 per share levels, delivering over 1300 per cent return to its positional shareholders, who did bottom fishing during Covid-19 sell off.

However, this multibagger stock has delivered whopping return in recent times as well. In YTD time, this small-cap stock with a market cap of around ₹960 crore has given 70 per cent return to its positional long term investors.

For shareholders of DP Wires, there is a piece of stock market news. The board of directors of the small-cap compay is going to discuss and approve bonus shares for its shareholders.

The small-cap company informed about the bonus shares citing, "Pursuant to Regulation 29(1) (d) of SEBI Listing Regulations, this is to inform you that a meeting of the Board of Directors of our Company is scheduled to be held on Friday, 29th September, 2023 at the registered office of the company, 16-18A, industrial estate, Ratlam (MP)-457001. Inter alia to transact the following business: 1] To consider & approve increase in authorized share capital; 2] To consider a proposal for issue of Bonus shares to the equity shareholders of the Company in the ratio, as it may deem fit by way of capitalization of reserves, subject to approval of shareholders." "It is further informed that as per Company's 'Code of Conduct for regulating, monitoring and reporting of trading by designated persons and their immediate relatives', the trading window will remain closed from 26th September, 2023 till expiry of 48 hours after the said Board meeting.