Synopsis :

Electrical equipment stock came into focus after it announced a bonus issue consideration of 1:1, worth around Rs. 23 crore and strong Q2 results.

The small cap firm engaged in the manufacturing of winding wires, mainly enamelled copper wires, were in focus upon announcing their Q2 results along with the issue consideration of bonus share of 1:1.

Ram Ratna Wires Limited ’ s stock, with a market capitalization of Rs. 3,011.84 crore, is trading at Rs. 637.3 per share, 19 percent below from its 52 week high of Rs.786.85 per share. With a multibagger return of 1,652 percent over a period of five years.

Bonus Issue

The company announced a bonus issue in the ratio to be 1:1 i.e, 1 fully paid-up equity share of Rs.5, for every 1 fully paid-up equity share of Rs. 5/- each held b

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