Multibagger Penny Stock Under Rs 15 Hit Upper Circuit & 52-Week High As Board Announce 10:1 Stock Split & Approves Rights Issue
The stock also made a new 52-week high of Rs 12.32 per share while its 52-week low is Rs 6.24 per share.
Minolta Finance Limited's Board of Directors approved the stock split of each equity share of the company having a face value of Rs 10 each into 10 equity shares having a face value of Re 1 each. The company also recommended a rights issue of equity shares. The expected completion time for the stock split is tentatively within 3 months from the date of the board meeting.
Minolta Finance Limited, established in 1993, is a Non-Banking Financial Company registered with the Reserve Bank of India. Listed on the Bombay, Kolkata, and Guwahati Stock Exchanges, the company primarily engages in inter-corporate deposits, share trading, leasing, lending to corporate and individual clients, investing in the capital market, and other financial activities.
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On Wednesday, shares of Minolta Finance Limited hit a 5 per cent upper circuit to Rs 12.32 per share from its previous closing of Rs 11.74 per share. The stock also made a new 52-week high of Rs 12.32 per share while its 52-week low is Rs 6.24 per share.
The company have a market cap of Rs 12.32 crore. The stock is up by 87.4 per cent from its 52-week low of Rs 6.24 per share and gave multibagger returns of 680 per cent in 5 years. Investors should keep an eye on this penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.