New Delhi. Investors who have invested in the shares of real estate construction company Groovy India have made a fortune. While the money invested in this multi-bagger share has more than doubled in six months, now they will also get the gift of bonus shares. The company is going to give bonus shares to shareholders in the ratio of 3:1. This ratio means that shareholders will get 3 new fully paid-up shares as a bonus for every 1 fully paid-up share of Groovy India they hold. The company has fixed the record date of 23 October 2024 to determine the eligibility of shareholders for bonus shares. This means that the shareholders whose names are in the records of the Register of Members of the Company or Depositories till this date will be entitled to get bonus shares.

It is worth noting that Groovy India has obtained the approval of the shareholders for bonus shares in the annual general meeting held on 30 September 2024. The announcement of giving bonus shares was made in August 2024. The special thing is that the company will give bonus shares to the shareholders for the first time.

Money doubled in 6 months
Groovy India's share is a multi-bagger share. In the last six months, the price of this share has increased by 120 percent and it has increased from Rs 99.85 to Rs 219.90. In the last trading session i.e. Friday, October 11, this share closed with an upper circuit on BSE. This is also the new 52-week high level of this share.

Gave 150 percent profit in a year
Even in the last one year, the stock of Groovy India has given multi-bagger returns. The price of this stock has jumped 150 percent in one year. So far in the year 2024, this stock has climbed 101 percent. It has gained 41 percent in a month, while it has strengthened by 27 percent in the last five trading sessions. Promoters held a 72.58 percent stake in Groovy India till the end of June 2024. The face value of the share is Rs 10. The market cap of the company is Rs 73.32 crore.