Shares of Veeram Securities were locked in 5% upper circuit at Rs 21.95 in Friday’s trading session after the stock turned ex-bonus today.
The gems, jewelery and watches company has announced 1:2 bonus share issuance and the record date has been fixed on October 15.
Veeram Securities is a multi-bagger stock that has generated over 251% returns in the last 5 years, while the stock’s 1-year returns are over 29%.
FIIs also held a 0.5% stake in the concern in the quarter ended June.
with a market-cap of around Rs 110 crore,
is a small-cap stock. The company is integrated as a wholesaler of branded jewelery and ornaments. Also, it is into the trading business of silver and distributor of readymade gold & silver jewellery.