This company is giving 8 bonus shares against 1share | Jackpot to the share holders

Gretex corporate services share price company logo with image 

 Share market is known for surprises and unpredictability no one know what can happen and what will happen in future, today will talk about the similar instance were the small cap company is giving bonus share to their stack holders, this financial company is giving 8:1 bonus which means if you hold 1 share of this company than you will get 8 shares and you will end up having total 9 shares of this company in your portfolio. 



so without further delay we reveal the company name, its Gretex corporate services, this small cap company has market capitalization worth of 31cr. on Monday the share price was trading around 274Rs. but today on 7th Sept this stock has gained 20% momentum and up by 65rs priced around 395 Rs. such a huge spike as volume increased from 900 to 1600 This company offers various financial services including portfolio management and Debt distribution. Gretex corporate services is also active is consulting business and corporate advisory where you can grow your company's revenue to 10x. 

The IPO of Gretex came on July 2021 the company is just one year old on Dalal street and this year after having the board meeting the board of Gretex proposed the bonus issue of share in to 8:1 ratio and that's surprising for retail investor from outer side of the company but what's cooking inside?.

well if we look at the outcome of the board meeting, the board has recommend re appointment of Mr.Arvind Harlalka as non-executive director of the company who was liable to retire by rotation. Another outcome is that the board has recommended to increase the authorized capital and issue shares worth of 1.10cr with face value of Rs10 apart from this the company also has announced the bonus shares worth of 90,98,768 with face value of 10rs.each. so now the retail investor will get idea on the bonus issue of 8:1. since its a small cap company, Gretex has very limited amount of shares trading on the exchanges and therefore its not exactly a jackpot to the retail investor but its a strategical move of the company which will be beneficial only to the stack holders and not to the retail investor. 

With PE Ratio of 24.31 and PB Ratio of 5.96 its not a good time to invest or trade in Gretex corporate services share as this stock went in to overbought zone, now wait for the dip and make the entry if any retail investors are thinking to take position in this stock, otherwise there are plenty of stocks available on the exchanges in which you can make position or invest for the long term.

*Stock market investment are very risky always do research before investing or seek advice from your financial advisor before you make any investment. views and research of this articles are personal there is no intention to misguide or influence anyone with this information that we collect from various data source and provide to you in simple language. do comment if you have any questions or suggestions or you want share any additional information, we surely will incorporate on our portal