Hello friends, once again welcome to our new and wonderful article, as you all know that the trend of dividend and bonus shares continues, companies are declaring dividends and bonus shares for their investors. So, today through this article we are going to tell you about a company working in telecommunication and equipment sector which has given multibagger returns to its investors in the last few years and now that company is offering bonus shares to its investors. Let us know the complete information.
Bonus Share: we are talking about Avantel Limited; this company is working in telecommunication and equipment sector. The company was established in the year 1990. This company is engaged in software tools design development and manufacturing. Friends, this company has announced bonus shares for its investors.
Record date when: Let us tell you that the company has announced bonus shares of 2:1 for its investors. That means it is going to give 2 bonus shares for every share. If you have 1 share of this company then you will be given 2 shares as bonus shares. The company has fixed the record date for dividend as November 24, 2023.
How much return did it give: The company’s share is currently trading around ₹ 350. Yes friends, this stock has proved to be a multibagger for its investors. In the last 5 years, the company’s shares have given a return of 3319% to its investors. At the same time, it has given a return of 305 percent in the last one year. Has given a return of 246% in the last 6 months.
All this information has been obtained through the internet. Before planning any investment, consult your financial advisor once.