Lypsa Gems Approves 2:5 Issue Of Bonus Share

Lypsa Gems and Jewellery, on Friday’s trading session, rallied 7% as the company approved bonus issue of the share. The company in its regulatory filling to the exchanges said that the board of directors of the company has approved the bonus share issue in the ratio 2:5. This is subject to approval by the shareholders in the annual general meeting.The stock has delivered negative returns of 20.93% in a period of one year and has underperformed the BSE Small cap and BSE Capital Goods indices over the same time period.

Lypsa Gems & Jewellery Limited is an India-based company, which is engaged in the trading and working in diamonds. The company is also engaged in the import, export, making and polishing activities of diamonds, gems and other precious stones.Lypsa Gems & Jewellery Ltd is currently trading at Rs 64.5, up by Rs 1.5 or 2.38% from its previous closing of Rs 63 on the BSE.

The scrip opened at Rs 64 and has touched a high and low of Rs 67.5 and Rs 64 respectively. So far 163853(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 132.68 crore.

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