Shares of BigBlock Construction, a small company that manufactures aerated autoclaved concrete (AAC) blocks, closed over 6% higher at Rs 253.40 on Friday.
During the day's trading, the company's shares also traded at Rs. touched the level of 261.40. Bigblock Construction is gearing up to gift bonus shares to its investors. Veteran investor Shankar Sharma has also bet big on Bigblock Construction.
BigBlock Construction said in its exchange filing that the company's board of directors is meeting on Friday, July 19. The issue of bonus shares will be considered in this meeting.
If the board of the company approves the issue of bonus shares, it will be the first bonus share issued by the company. Along with this proposal, the board of the company will also consider increasing the authorized capital.
Shares of BigBlock Construction have gained more than 4000% in the last 4 years. Shares of the company were at Rs 6.09 on July 10, 2020. Shares of Bigblock Construction closed at Rs 253.40 on July 5, 2024. At the same time, the company's shares have increased by more than 1100% in the last 3 years.
The company's shares have gained nearly 60% in the past one year. While the shares of the company have increased by 55% in 6 months. The company's stock touched a 52-week high of Rs. There are 284. At the same time, BigBlock Construction hit a 52-week low of Rs. is 137.55.
Veteran investor Shankar Sharma has recently placed a big bet on BigBlock Construction. Shankar Sharma bought 3.65 lakh shares of the company. He bought these shares at an average price of Rs 235 per share.
Shankar Sharma invested in the company a total of Rs. 8.57 crore has been invested. Bigblock Construction is headquartered in Surat and the company was started in the year 2015.
Note: Do not invest in stock market without knowledge. Before investing in any shares you should talk to your financial advisor once. If you do not do so, you may suffer financial loss.
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