500 per cent multibagger returns: Penny stock under Rs 75 hit upper circuit as Board is likely bonus shares on December 20, 2024
The company has a market cap of Rs 27.53 crore and the stock gave multibagger returns of over 500 per cent from its 52-week low is Rs 12.21 per share.
Richfield Financial Services Ltd informed that a meeting of the Board of Directors of the company is scheduled to be held on Friday, December 20, 2024 through Video Conferencing to transact the following business:
- To consider the resignation of Ms Priyanka Kalra (PAN: DJHPK3926C) from the post of Company Secretary of the Company
- To consider the appointment of Mr Nandu Chandra Mohan (PAN: CWPPM3676M) as the Company Secretary of the Company
- To consider the proposal for declaration and recommendation of bonus equity shares subject to the approval of shareholders of the company
- To consider the issuance of secured non-convertible debentures on a private placement basis
- Any other business with the permission of the chair
On Wednesday, shares of Richfield Financial Services Ltd hit a 5 per cent upper circuit to Rs 73.42 per share from its previous closing of Rs 69.93 per share. The stock’s 52-week high is Rs 77.88 per share and its 52-week low is Rs 12.21 per share.
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Incorporated in 1992, Richfield Financial Services Ltd (RFSL) is a Non-Banking Finance Company primarily focused on investment activities in shares and securities. RFSL leverages its in-house research and data analysis to guide its investment decisions. Beyond investments, the company offers a range of financial services, including short-term financing options for surplus funds, and a suite of ancillary services such as merchant banking, stock broking, portfolio management, project consultancy, and loan syndication.
The company has a market cap of Rs 27.53 crore and the stock gave multibagger returns of over 500 per cent from its 52-week low is Rs 12.21 per share. Investors should keep an eye on this penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.