Multibagger stock to consider bonus share after giving 150% YTD return

Informing Indian stock market exchanges about bonus shares, Rama Steel Tubes Ltd said, “The Board Meeting to be held on 18-Nov-2022 to consider the following proposals: a.) issuance of fully paid bonus equity shares to the members of the Company and other allied activities; b.) to consider the proposal related to acquisition of companies. The aforesaid proposals, if approved by the Board, will be subject to the approval of the shareholders. Further, the trading window pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, shall remain closed till 48 hours after the public announcement of outcome of Board meeting scheduled to be held on November 18, 2022.”

Rama Steel share price history

As mentioned above, Rama Steel shares are one of the multibagger stocks in India. In year-to-date time, this small-cap stock has risen from around ₹70 to ₹175 apiece levels, delivering to the tune of 150 per cent return to its long term positional investors. In last one year, this multibagger stock has delivered around 240 per cent return whereas in last five years, this small-cap multibagger stock has given 350 per cent return to its shareholders.

Dividend paying stocks 2022

Shares of Rama Steel Tubes are one of the dividend paying stocks in 2022 as well. In February 2022, this stock traded ex-dividend for paying interim dividend of ₹0.50 per equity share to its shareholders in the financial year 2021-22.

So, after giving dividend and stock subdivision, this small-cap multibagger stock is going to reward its long term shareholders through issuance of bonus shares.