Stock goes from ₹500 to ₹12,400, then halves; To now issue bonus, do share split

Shares of Chemical manufacturing company Paushak Ltd. had surged 10% on Wednesday, August 6, after the company informed the exchanges that it will be considering an issue of bonus shares for its shareholders, as well as a stock split.Paushak’s board will consider a bonus issue as well as a stock split during its board meet on August 11, according to the exchange filing.

This will be the first instance of the company issuing a bonus share, as well as a stock split for its shareholders.

Record date for both these proposals is yet to be disclosed.
Paushak has regularly paid dividends to its shareholders, having paid ₹50 per share across 2022, 2023, 2024 and 2025.The company also carried out a buyback of equity shares in 2018.

Paushak’s shares saw a sharp upmove over a six-year period between 2016 to 2022. From lows of ₹500 in August 2016, the stock made an all-time high of ₹12,400 in April 2022, which was a jump of over 2,300% during the timeframe.

However, since that all-time high, the stock has seen a decline of 53%, which is including of Wednesday’s 10% surge.

Shares of Paushak ended 10% higher on Wednesday at ₹5,860. The stock has gained 20% in the last one month, and is up 18% on a year-to-date basis.