1:1 Bonus Share and 10:1 Stock Split: Rahul Gandhi’s Portfolio Multibagger Penny Stock Under Rs 40 in Green as Company Announces Stellar Quarterly Results (Q1FY25)
The stock gave multibagger returns of 177.7 per cent from its 52-week low of Rs 12.27 per share and a whopping 700 per cent in 5 years.
On Friday, shares of Vertoz Advertising Ltd gained 0.71 per cent to Rs 34.07 per share with an intraday high of Rs 35.28 and an intraday low of Rs 33.90. The stock’s 52-week high is Rs 45.25 and its 52-week low is Rs 12.27.
Vertoz Advertising Ltd., established in 2012, is a leading force in the advertising technology (ad-tech) industry. They specialise in providing data-driven solutions for marketing, advertising, and monetisation. Their target clientele includes digital marketers, advertising agencies, and various digital media businesses. Vertoz leverages the latest technologies to deliver a comprehensive suite of services. They've developed their full-stack solutions and strategically acquired additional components to ensure a well-rounded product offering.
The shares of the company ex-traded stock split in the ratio 10:1 i.e., 10 shares of the face value of Re 1 each for every 1 equity share of the face value of Rs 10 each and bonus shares in the ratio of 1:1 i.e., 1 bonus share for each existing equity share held in the company post stock split. The ex-date for bonus shares and stock split was Friday, July 05, 2024.
As of March 31, 2024, Rahul Gandhi, Leader of the Opposition in the Lok Sabha and a prominent Congress leader, held around 260 shares of Vertoz Advertising as announced in the election affidavit. Following a stock split and bonus issuance, his holdings increased significantly. The initial 260 shares multiplied to 2,600 after the split and then doubled to 5,200 shares post-bonus issue.
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Vertoz positions itself as an AI-powered MadTech (Marketing and Advertising Technology) and CloudTech (Digital Identity and Cloud Infrastructure). This allows them to cater to a diverse range of clients, including businesses, digital marketers, agencies, publishers, cloud providers, and tech companies. Their offerings encompass Marketing & Advertising Technology that helps businesses achieve their marketing goals and build revenue streams. They also provide Media & Monetization Technology that facilitates seamless ad buying and selling by bridging the gap between publishers and advertisers. Vertoz boasts a series of well-known platforms like IngeniousPlex (for marketers and agencies), IncrementX (for publishers), Admozart (a real-time ad exchange), and Adzurite (for performance marketing).
The company has a market cap of Rs 2,884 crore and debtor days have improved from 174 to 125 days. In its half-yearly results (Q1FY25) and its annual results (FY24), the company reported positive numbers. In Q1FY25, the net sales increased by 77.4 per cent to Rs 60.17 crore and net profit increased by 62 per cent to Rs 5.74 crore compared to Q1FY24. The stock gave multibagger returns of 177.7 per cent from its 52-week low of Rs 12.27 per share and a whopping 700 per cent in 5 years. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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