This multibagger microcap zooms 5% as stock trades ex-bonus

New Delhi: Shares of Panth Infinity hit a new record peak, during the early trading hours, as the company shares traded ex-bonus on Tuesday.

The company fixed the record date as 19 July for the same.

The eligible shareholders of the company are entitled to one bonus share with a face value of Rs 10 for every two shares of the company with the same face value held as on the given record date.

The shareholders who would have the delivery of shares in the demat account as of the given record date would be considered eligible for the bonus issue. Others cannot claim the issuance of bonus shares.

Following the development, shares of Panth Infinity zoomed 5 per cent to Rs 53.60, its upper circuit limit. The scrip settled at Rs 51.05 on an adjusted basis.

Shares of Panth Infinity have rallied about 800 per cent since the beginning of the year from Rs 6.04, on an adjusted basis. Even in the last three months, the stock is up by more than 400 per cent.

Mumbai-based Panth Infinity is a company that is primarily engaged in the business of trading of precious metals, stones and jewellery.

Panth Infinity is a microcap company with a market cap of less than Rs 100 crore. The company board is slated to meet on Wednesday, July 20.