Board likely to announce bonus share after 10:1 stock split in 2013: Multibagger penny stock at Rs 71.30 hit 52-week high

Board likely to announce bonus share after 10:1 stock split in 2013: Multibagger penny stock at Rs 71.30 hit 52-week high

Kiran Shroff

The stock gave multibagger returns of 195 per cent in just 1 year and a whopping 2,400 per cent in 3 years.

Caspian Corporate Services Ltd informed that the meeting of the Board of Directors of our company is scheduled to be held on Wednesday, July 03, 2024, to consider and discuss the following matters:

  1. To recommend and approve the issue of bonus shares to the equity shareholders of the company.
  2. To Increase in authorized share capital of the company and subsequent alteration to the memorandum of association of the company and articles of the association of the company, if any.
  3. To fix the day, date, time and place for calling the Extra Ordinary General Meeting (EGM) of the company and consider and approve the draft notice related thereto.
  4. To consider and transit any other business; placed before the board with the permission of the chairman.

Earlier, in 2013, the shares of the company ex-traded stock split of equity shares from a face value of Rs 10 to a face value of Re 1 (Ratio 10:1).

Caspian Corporate Services Ltd, founded in 2011, offers a wide range of services to businesses across India. They can handle everything from facility management (including cleaning, security, and maintenance) to property management and office support. They can also help with staffing needs, including IT professionals, and manage payroll and customer support. Originally known as Intellivate Capital Advisors Limited, the company changed its name to Caspian Corporate Services Ltd in response to a shift in management. The company has a market cap of Rs 294 crore with a 3-year stock price CAGR of 190 per cent.

On Friday, shares of Caspian Corporate Services Ltd gained 4.95 per cent upper circuit to Rs 71.30 per share from its previous closing of Rs 67.92. The stock also made a fresh new 52-week high of Rs 71.30 while its 52-week low is Rs 21.05. The stock gave multibagger returns of 195 per cent in just 1 year and a whopping 2,400 per cent in 3 years.

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

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

Previous Article From Re 0.24 to Re 0.97 per share in just 323 days & Stock split from Rs 10 to Rs 5 to Re 1: Scrip hit the upper circuit with heavy volume
Next Article 400 per cent multibagger returns and Rs 1,500 crore capex: This plastics product stock bags new order worth Rs 55 crore from Indian Oil!
Rate this article:
4.0

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR