Multibagger in just 6 months: Don’t miss action in this micro-cap stock that has announced stock split!

The promotors of the company have increased their stake by 4.86 per cent in December 2022 quarter (Q3).

Sera Investments & Finance India Ltd shares zoomed 5 per cent upper circuit to Rs 353.75 per share from its previous closing of Rs 336.95 per share. The stock is close to its 52-week high of Rs 368.85 per share and has 52-week low of Rs 58.25.

Sera Investments & Finance India Ltd informed the exchange (BSE Script Code: 512399) that the Board of Directors of the company has approved sub-division/stock split of the equity shares of the company for 1 (one) equity share having face value of Rs 10 each into 5 (five) equity shares having face value of Rs 2 each fully paid up. The company verified the record date for stock split as Friday, April 28, 2023.

Sera Investments & Finance India Ltd, formerly known as Kapashi Commercial Limited, was founded by a highly qualified and established team of businessmen that specialise in iron and steel design, production and engineering. They have diversified over the years in the fields of development and trade in ferrous and non-ferrous metals, as well as the stock market. The business was established in 1985.

This NBFC company has a market cap of Rs 353.75 crore with 1-year CAGR of 467 per cent. The share holding pattern where the promoters hold maximum stake of the the company (70 per cent) and rest is owned by the general public (30 per cent). The promotors of the company have increased their stake by 4.86 per cent in December 2022 quarter (Q3).

The stock gave multibagger returns of 105.85 per cent in just 6 months. This micro-cap stock should be kept under the radar.