Lorenzini Apparels Bonus Record Date, Share Price, SMA, Returns and More

News: Lorenzini Apparels Ltd., a prominent player in the apparel industry, has recently been in the news for its announcement of bonus shares and stock split. This article provides an overview of Lorenzini Apparels, its share price, Simple Moving Average (SMA), returns, and more.

Lorenzini Apparels: An Overview

Lorenzini Apparels Ltd. is engaged in the business of manufacturing, designing, and marketing readymade garments. The company has been performing robustly, with its shares rallying by 88% Year-to-Date (YTD).

Bonus Record Date and Stock Split

The company has announced a proposal for issuing bonus equity shares to its security holders. The bonus shares will be distributed in the ratio of 6:11, meaning six new fully paid-up equity shares of Re 1 each will be issued for every 11 fully paid-up equity shares of Re 1 held by the security holders. The company has also announced a stock split in the ratio of 10:1. The record date for determining the eligibility of shareholders for the stock splits and bonus is yet to be announced.

Share Price and SMA

As of the latest data, the share price of Lorenzini Apparels Ltd. stands at Rs 490. The 50-day Simple Moving Average (SMA) is 256.1, and the 200-day SMA is 207.7.

Returns

Lorenzini Apparels has demonstrated impressive returns. The company’s shares have delivered a multibagger return of 119% in the past six months and gained 423% in the last year. Over the past five years, the company has multiplied investors’ money by 10,779%.

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About Lorenzini Apparels :

Established in 2007, Lorenzini Apparels Ltd. is an India-based company that specializes in the design, manufacture, and marketing of ready-made garments. The company offers a diverse range of formal, semi-formal, and casual wear for men and women. Lorenzini Apparels serves its customers through retail outlets and e-commerce channels.

Brand Portfolio

Lorenzini Apparels markets its products under its own brand names “Monteil & Munero”, “Monteil”, and “Calgari”. These brands have carved a niche for themselves in the market, offering stylish and quality clothing options for the modern consumer.

Performance and Growth

Lorenzini Apparels has shown consistent financial performance over the years. The company’s shares have seen a significant rise, reflecting the company’s robust performance and the confidence of investors.

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FAQs

1. What is the bonus record date for Lorenzini Apparels?

The company has announced a proposal for issuing bonus equity shares, but the record date for determining the eligibility of shareholders for the stock splits and bonus is yet to be announced.

2. What is the current share price of Lorenzini Apparels?

As of the latest data, the share price of Lorenzini Apparels Ltd. stands at Rs 490.

3. What are the returns of Lorenzini Apparels?

Lorenzini Apparels has demonstrated impressive returns. The company’s shares have delivered a multibagger return of 119% in the past six months and gained 423% in the last year.

4. What is the Simple Moving Average (SMA) of Lorenzini Apparels?

The 50-day Simple Moving Average (SMA) is 256.1, and the 200-day SMA is 207.7.