Double Dhamaka! Record Date Announced For 1:1 Bonus Shares & 2:1 Stock Split: Multibagger Stock With 1,793 Per Cent Returns Hit 52-Week High

The stock gave multibagger returns of 229 per cent from its 52-week low of Rs 86.28 per share, 680 per cent in 3 years and a whopping 1,793 per cent in 5 years

On Thursday, shares of B.N. Rathi Securities Ltd gained 7.40 per cent and hit a new 52-week high of Rs 284.75 per share from its previous closing of Rs 265.15 per share with a spurt in volume by more than 6.50 times.

B.N. Rathi Securities Ltd has announced a stock split of its equity shares and a bonus issue. Each existing equity share with a face value of Rs 10 will be split into two equity shares, each with a face value of Rs 5. Additionally, for every one existing equity share held on the record date, shareholders will receive one bonus equity share. This includes holders of outstanding warrants convertible into equity shares on the record date. The board fixed the record date for bonus shares & stock split as Friday, January 24, 2025.

B.N. Rathi Securities Ltd., a prominent player in the Indian financial market, was established in 1985. The company specializes in securities broking, depository operations, and institutional equities. It offers a comprehensive range of investment services, including equity trading, derivatives, IPOs, currency trading, and mutual funds. With a wide network of branches across India, B.N. Rathi Securities caters to a diverse clientele, from individual investors to institutional clients.  

The company has a market cap of Rs 280 crore. The shares of the company have a PE of 15x, an ROE of 20 per cent and an ROCE of 29 per cent. The stock gave multibagger returns of 229 per cent from its 52-week low of Rs 86.28 per share, 680 per cent in 3 years and a whopping 1,793 per cent in 5 years. Investors should keep an eye on this micro-cap stock.

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