Home Energy services With a 1-year CAGR of 990%, this multibagger stock will soon become ex-bonus

With a 1-year CAGR of 990%, this multibagger stock will soon become ex-bonus


EKI Energy Services is a large capitalization company that operates in the commercial services sector, with a market capitalization of 20,622 cr. Globally, the organization offers solutions for climate change, carbon credits and sustainability. The organization provides environmentally friendly services such as carbon offset standards, carbon offset, renewable energy attributes, carbon footprint and neutrality with the aim of creating a low carbon economy in the world.

The company approved the issuance of bonus shares in a 3:1 ratio, meaning that for every share held, three additional shares would be issued. To that end, the company has set July 5, 2022 as the record date, and the stock will trade ex-bonus on July 4, 2022 or the following Monday of the coming week. The total number of securities offered for issuance is 2,06,22,000 free shares for a total of approximately Rs. 20,62,20,000.

According to the details of the share capital, the pre-bonus issue is Rs. 6,87,40,000, while the post-bonus issue stands at Rs. 27,49,60,000. According to details in the company’s exchange filing, the company expects to credit or release the free shares no later than July 12, 2022 to shareholders.

The stock climbed 3.50% from its previous close of 7240.70 and settled at 7494.30 Friday on BSE. The stock has grown significantly over the past year, from 688.25 on July 2, 2021 at the current level, which represents a multibagger yield of 989.72% or an approximate CAGR of 990%. Year-to-date (YTD), the stock has fallen 28.06% so far in 2022, and over the past month it is down 0.52%. The stock has climbed 12.44% over the past five trading sessions, and over the past two days it has jumped 4.1%.

The BSE-listed stock hit a 52-week high of 12,599.95 on Jan 24, 2022 and a 52 week low of 688.25 on July 2, 2021. At the current level, the stock is trading 40.52% below its 52-week high and 988% higher than its 52-week low. The stock is trading above the 5-day, 20-day and 200-day moving averages, but below the 50-day and 100-day moving averages based on the current price. The developer’s stake in the company has remained stable at 73.47% since June 2021, and the public stake is low at 15.30% in March 2022 compared to the quarter that ended in December 2021.

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