500% increase in just five years! Following the distribution of 2:1 bonus shares, multibagger stock reaches the upper circuit.

In January 2025, Kitex Garments' stock price increased by more than 10%, and in just three months, the shares have increased by more than 51%. In just three months, Kitex Garments' share price has produced multibagger gains of over 250%.

Following the issuance of bonus shares to its owners, Kitex Garments' share price was locked in at a 5% upper circuit on Monday. On the BSE, Kitex Garments' stock was up 5% at ₹256.35 per share.

The record date for Kitex Garments bonus shares was January 17. The company has distributed 13.3 crore equity shares to qualified shareholders. The bonus issue ratio for Kitex Garments was 2:1, meaning that for every share held, two new free shares were issued.

In a regulatory filing on Monday, Kitex Garments stated, "We hereby inform that at its meeting today, January 20, 2025, the Board of Directors of Kitex Garments, at its meeting, allocated 13,30,00,000 fully paid-up Bonus Equity Shares of the face value of ₹1 each in the ratio of 2:1, i.e., 2 (two) new Bonus Equity Shares of ₹1 each for every 1 (one) existing Equity Shares of ₹1 each fully paid-up, held by the Company's shareholders as of the record date, Friday, January 17, 2025."

It further stated that the company's paid-up equity share capital has increased to ₹19.95 crore as a result of the bonus share allocation, which has been split into 19.95 crore equity shares of ₹1 apiece.

The firm stated, "The Bonus Equity Shares allotted as above shall rank pari-passu in all respects and carry the same rights as the existing equity shares of the company, including dividends and other corporate benefits, if any, declared by the Company after the said allotment."

Trend of Kitex Garments Stock Prices
In January 2025, Kitex Garments' stock price increased by more than 10%, and in just three months, the shares have increased by more than 51%. In just three months, Kitex Garments' share price has produced multibagger gains of over 250%.

In just five years, the smallcap stock has experienced an incredible 500% increase.

Kitex Garments' stock was remaining locked at a 5% upper circuit price of ₹256.35 per share on the BSE at 1:00 PM.