GRM Overseas Shareholders to Get 2:1 Bonus Shares: How This Multibagger Stock Can Boost Your Portfolio

Investors in GRM Overseas, a multibagger small-cap stock, are set to receive a pleasant surprise in the form of a 2:1 bonus share issue. The company has announced that it will issue two fully paid-up equity shares for every one existing fully paid-up equity share held as on the record date, which is set for December 24.

What Does This Mean for Shareholders?

The bonus share issue is a significant development for GRM Overseas shareholders, as it can potentially increase the value of their holdings. With the company's share price already rallying 33% in the last three months and 135% on a year-to-date basis, this bonus issue could further boost investor confidence.

Key Highlights of GRM Overseas' Performance

• The company's share price has surged 139% in the last one year, making it a multibagger stock.
• GRM Overseas posted a double-digit growth in both revenue and profit in its second-quarter results, with revenue standing at ₹372.1 crore and profit after tax (PAT) surging 60.5% year-on-year to ₹14.8 crore.
• The company's exports business has witnessed robust traction, driven by its strong presence in key international markets for Basmati rice.

What to Expect Next

With the record date for the bonus share issue set for December 24, GRM Overseas shareholders can expect to receive their bonus shares by December 26. As the company continues to demonstrate strong growth and profitability, investors may want to keep a close eye on its future developments.

Disclaimer

Remember, this is a perspective on the company's performance and not a prediction of its future growth. It's essential to do your own research and consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.