1. GKP Printing & Packaging Board plans to issue bonus shares
The board said in the BSE filing: “GKP Printing & Packaging Ltd has informed BSE that the company’s board meeting is scheduled for 01/08/2022, among other things, to review and approve 1. Issuance of Free Shares 2. Review and approve the increase in the authorized share capital of the company 3. Review and approve the amendment to the capital clause of the Memorandum of Association in accordance with the provisions of the Companies Act 2013 4. Any other matter deemed necessary with the permission of the President.
2. GKP Printing and Packaging Stock Outlook
The current market price of the share is Rs 244 each. Its 52-week maximum is Rs 245.75 each and its 52-week minimum is Rs 34.75 each, respectively. The stock has been buzzing since news of the upcoming board meeting to consider the free share issue made the rounds. Today, the company’s stock hit its new 52-week high at Rs 245.75 apiece.
multibagger returns: The stock gave multibagger returns with 602% return in 1 year, 1207% return in 3 years and 1294% return in 5 years.
3. About GKP Printing & Packaging Ltd
GKP Printing & Packaging Ltd. was established in 1994 with the vision of becoming one of the world’s leading manufacturers of packaging. A dedicated team of manufacturing and quality assurance personnel at GKP Printing & Packaging Ltd. guarantees prompt supplies and quality that consistently exceeds customer expectations. It is one of the leading manufacturers and exporters in India of Cardboard Boxes, Corrugated Boxes, Display Boxes, Mailing Boxes, Labels, Stickers, Labels, Inserts and flyers, single board, etc., according to its website. GKP Printing & Packaging Ltd. caters to various industries such as apparel exports, steel utensils, playing cards, liquor, toys, pharmaceuticals, printers, engineering, confectionery and FMCG.