After 612% returns in 3 years, this small cap hits fresh 52-week high. Here’s why

Shares of Commercial Syn Bags, after offering 612% returns in the last 3 years, have climbed 11% in intraday trade to the day’s high price of Rs 329 on the company’s bonus share issue plans. This is also the stock’s 52-week high price.

The packaging company on Tuesday informed the exchanges that it will hold a board meeting on October 22 to consider the proposal of bonus share issuance.

The board will discuss matters related to an increase in authorised share capital, alteration of the Clause V of the Memorandum of Association, and will consider and approve the Notice of the 1/2022-23 Extraordinary General Meeting (EGM). The date, time and venue of the EGM will also be decided at the meeting, the company’s filing with the exchange read.


Commercial Syn Bags is a multi-bagger scrip with 3-year returns at 612%. In the last one year, the stock has doubled investors wealth, by yielding 119% returns.

Indore-based Commercial Syn Bags is a manufacturer of FIBC, tarpaulin, woven sacks, and BOPP bags.