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Shares of three companies -- Jonjua Overseas, Advance Lifestyles and RMC Switchgear --- will trade ex-bonus next week. These three stocks have delivered multibagger returns to investors so far this year.
The PE of aerospace and defence player Zen Technologies, which makes military training live-range equipment and anti-drone systems, has fallen from an average of 225 to 76.6. HDFC Securities said that given a large order inflow and revenue visibility for the next few years, some more rerating is possible in the stock.
Focus Lighting has earlier approved to split its shares in the proportion of 1:5, which means, for every one share investors hold, it will be subdivided into five shares. Meanwhile, Surya Roshni had earlier announced a stock split in the ratio of 1:2. This means, for every one share investors hold, it will be divided into two shares.
Multibagger railway stocks: Stocks such as Titagarh Rail Systems, Rail Vikas Nigam Ltd (RVNL), Jupiter Wagons, Ircon International, Indian Railway Finance Corp (IRFC), Ramkrishna Forgings, Texmaco Rail & Engineering and Railtel Corporation of India have rallied more than 400% in a year.
Shares of Kolkata-based smallcap Jai Balaji Industries, which manufactures iron and steel products like TMT bars, are up 475% to top the multibagger list. Similarly, shares of another smallcap GVK Power & Infrastructure are up 300% so far in Q2 following a 50% rally in just two weeks.