Multibagger in just 6 months: Shares of this company hit back-to-back upper circuits as it announced stock split; know the record date!

In just 6 months, the stock gave multibagger returns of 446.62 per cent whereas the BSE Small-cap Index is down by 1.18 per cent.

One of the gainers on BSE today, shares of Karnavati Finance Ltd surged 5 per cent upper circuit to an intraday high of Rs 171.20 from its previous closing of Rs 163.05. At 03:30 pm, the stock of the company ended the trading session positive, up 3.01 per cent to Rs 167.95 per share.   

Recently, shares of the company hit back-to-back upper circuits as it announced stock split in the ratio 1:10. The company set the record date for stock split as Friday, February 24, 2023. As of record date, equity shareholder’s stock with a face value of Rs 10 each into 10 (ten) equity shares of Rs 1 each.  

Karnavati Finance Limited, incorporated in 1984, is a financial service company in India offering end-to-end lending, financing and wealth management solutions to a diversified range of customers across the country. Today, shares of the company saw a spurt in volume by more than 1.49 times on BSE.  

Talking about the financial, this Small-Cap company has a market cap of Rs 168.79 crore. The company reported positive number in recently released Quarterly Results. In just 6 months, the stock gave multibagger returns of 446.62 per cent whereas the BSE Small-cap Index is down by 1.18 per cent. Investors should keep an eye on this multibagger NBFC stock.