Multibagger penny stock under Rs 25 hit lower circuit as Board is likely to announce 1:1 bonus share & 1:10 stock split
The stock gave multibagger returns of 106 per cent in just 1 year and a whopping 295 per cent in 2 years.
The Board of Directors of AA Plus Trade Link Ltd. is scheduled to convene on Thursday, October 24, 2024, to deliberate upon and endorse the proposed corporate actions. These actions include a stock split, wherein the Company intends to divide each existing share into up to ten smaller shares, and a bonus issue, whereby the Company will distribute additional shares to its shareholders in a ratio of up to one new share for every one share already held. The primary objectives of these initiatives are to enhance market liquidity by making the Company's shares more accessible to a wider range of investors, as well as to reward existing shareholders for their continued support. By implementing these strategic measures, AA Plus Trade Link Ltd. aims to augment shareholder value and reinforce its position as a leading player in the Wholesale Trade Services sector.
Incorporated in 2016, AA Plus Trade Link Ltd trades in products made of iron & steel, aluminium, graphite and other alloy products. It takes contracts from builders for the end-to-end supply and fitting of aluminium windows along with the glass. The company has a market cap of over Rs 50 crore.
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Today, shares of AA Plus Tradelink Ltd hit a 5 per cent lower circuit to Rs 20.63 per share from its previous closing of Rs 21.71 with an intraday high of Rs 22.79 and an intraday low of Rs 20.63. The shares of the company saw a spurt in volume by more than 4 times on BSE. The 52-week high of the stock is Rs 26.88 and the 52-week low is Rs 7.01. The stock gave multibagger returns of 106 per cent in just 1 year and a whopping 295 per cent in 2 years. Investors should keep an eye on this penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.