200% multibagger returns from 52-week low; Board announces 7:5 bonus shares; Hit 10% upper circuit on September 05

On Friday, shares of Laxmi Goldorna House Ltd hit a 10 per cent upper circuit to Rs 830.05 per share from its previous closing of Rs 754.60 per share. The stock’s 52-week high is Rs 896 per share and its 52-week low is Rs 265.60 per share.

Laxmi Goldorna House Limited has recommended a significant increase in its authorised share capital from Rs 45.01 crore to Rs 51 crore, a move subject to shareholder approval at the upcoming Annual General Meeting. Additionally, the company has approved the issuance of bonus shares at a ratio of 7 new shares for every 5 existing shares, to be funded from its free reserves and/or securities premium account as of March 31, 2025. This will increase the company's paid-up equity share capital from its current Rs 20.87 crore to Rs 50.09 crore post-issuance. The company anticipates crediting or dispatching these new shares within two months of receiving approval from the Board of Directors.

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Incorporated in 2010, Laxmi Goldorna House Ltd. operates in two main business segments: real estate and jewellery. The company functions as a property developer in Ahmedabad, offering both commercial and residential properties. Concurrently, it is engaged in the manufacturing and trading of branded gold jewellery and ornaments, including processing, wholesaling and retailing. The company's jewellery products feature a variety of gold items, with or without precious and semi-precious stones.

The company has a market cap of over Rs 1,700 crore and the stock has given multibagger returns of over 200 per cent from its 52-week low of Rs 265.60 per share. The promoters of the company hold 74.97 per cent and the public holds 25.03 per cent stake as of June 2025.

Disclaimer: The article is for informational purposes only and not investment advice.