10:1 Stock Split: Heavy buying was witnessed in this investment company’s stock; scrip hit 20 consecutive upper circuits!

The stock gave multibagger returns of 322 per cent in just 6 months, 900 per cent returns in 1 year and a whopping 3,000 per cent in 3 years.

On Monday, shares of Worth Investment & Trading Company Limited were locked in a 2 per cent upper circuit to Rs 354.85 per share from its previous closing of Rs 347.10 per share. The stock also made a fresh new 52-week high of Rs 354.85 per share while its 52-week low is Rs 30. The shares of the company have been hitting 20 consecutive upper circuits.

The Board of Directors of Worth Investment & Trading Co Limited approved a stock split at a meeting. The face value of the company's equity shares will be reduced from Rs. 10/- each to Re. 1/- each, subject to shareholder approval at the upcoming Extraordinary General Meeting.

This stock split aims to:

• Improve the liquidity of the company's shares in the stock market.
• Make shares more affordable for individual retail investors.
• Widen the shareholder base.

The Board also proposed an alteration to the company's Memorandum of Association, subject to shareholder approval. This alteration would change Clause V to reflect the new share capital structure after the split.

Also Read: Promoter bought 5.12 per cent stake of this multibagger penny stock in Q4; Company achieved a significant win by acquiring a new client in the European region!

Worth Investment & Trading Company Limited, founded in 1980, is a finance and investment company that deals in acquiring, selling, and trading various securities like shares, bonds, and stocks. They also provide private financing to specific groups.

The stock gave multibagger returns of 322 per cent in just 6 months, 900 per cent returns in 1 year and a whopping 3,000 per cent in 3 years.

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