After 770% return in 10 months, this microcap stock will go ex-bonus soon. Key details

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Shares of little-known Nysa Securities, which hit a record high earlier this week, will soon be ex-bonus. The board of the microcap company in a meeting on Wednesday announced the issue of fully paid bonus shares in the ratio of 15 shares for every 10 held, subject to shareholder approval.

The stock, which trades under Phase 1 of the long-term ASM framework, last traded on November 22. For the day, the scrip jumped 10 per cent to close at Rs 771.78. At this price, the stock has gained 771.78 per cent since hitting a 52-week low of 20.24 on January 11.

The market capitalization of the company is Rs 76.66 crore. The promoters held 46.92 per cent stake in the company as on 30 September. A total of 34.69 per cent stake in the company is held by resident individuals with a nominal share capital of more than Rs 2 lakh.

According to AceEquity, Naysaa Securities is a professionally managed firm offering investment advisory services and investment related instruments and services for the domestic equity market.

The Board of the Company has approved the proposal to increase the existing Authorized Share Capital of the Company from Rs.4.40 Crore to Rs.11 Crore and subsequent changes in the Memorandum of Association of the Company, subject to shareholder approval. It will also hold an extraordinary general meeting (EGM) on 19 December.

The same company recently announced a rights issue, which became ex-dated in September this year. The issue size of Nysa Securities Rights Issue was 868,000 equity shares at Rs 100 each, aggregating to Rs 8.68 crore. The shareholders of the Company were entitled to subscribe 1 share for every 4 equity held on the record date.

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