Don’t miss action in this multibagger stock that has announced rights issue!

The stock has a low PE of 18.87x and a high ROE of 43.28 per cent with multibagger returns of 418.03 per cent.

Share India Securities Ltd announced that the company has declared right issue for the equity shareholders. One rights equity share along with 17 detachable warrants per rights equity share, for every 50 fully paid-up equity shares held by eligible equity shareholders as on the record date.   

The company verified the record date as Tuesday, February 28, 2023. The price of the right issue is Rs 700 per share. The rights issue open date is Thursday, March 09, 2023 and the close date is Friday, March 17, 2023.   

Share India Securities Ltd is a financial service provider that offers financial products & personalized services, including equity broking, currency & commodity derivative, depository participant services, mutual fund advisory and distributorship, etc to retail and corporate clients.   

Talking about finances, Share India Securities has a market cap of Rs 3,786 crore. The company reported excellent results in both quarterly and annual financial statements. The stock has a PE of 18.87x whereas the sectoral PE is 23.2x and an ROE of 43.28 per cent.   

On Friday, shares of Share India Securities Ltd surged 0.45 per cent to Rs 1,186.55 per share with a day’s high of Rs 1,195.40 and a low of Rs 1,176.80. Today, shares of the company saw a spurt in volume by more than 2.31 times on BSE. The stock gave 15.25 per cent in 1 year and 418.03 per cent in the last 2 years. Investors should keep an eye on this multibagger Small-Cap stock.