Multibagger penny stock under Rs 80; Board likely to announce stock split

Multibagger penny stock under Rs 80; Board likely to announce stock split

Kiran Shroff

The stock is up by 44.3 per cent from its 52-week low of Rs 51.60 per share and gave multibagger returns of 480 per cent in 3 years.

Onesource Ideas Venture Ltd informed that a Meeting of the Board of Directors of the company is scheduled to be held on Thursday, July 18, 2024, to transact the following business apart from the other items as per the agenda:

  1. To consider and approve the proposal of sub-division/stock split of the equity shares of the company in such manner as may be determined by the board of directors and subject to the approval of the shareholders and such authorities as may be required under Section 61 of the Companies Act, 2013.
  2. To consider an increase in authorized share capital of the company.
  3. To consider alteration in the memorandum and articles of association of the company including alteration of the main object clause of the company.
  4. Shifting of the registered office of the company.
  5. Any other matter with the permission of the chair.

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Onesource Ideas Venture Ltd offers investment banking services such as mergers and acquisitions and business restructuring. The company invests in companies for the long term and focuses on building value for the businesses it invests in. The company works closely with founders and management teams to help them grow their businesses. The company has a market cap of Rs 22.90 crore and working capital requirements have reduced from 696 days to 97.3 days.

On Friday, shares of Onesource Ideas Venture Ltd zoomed 5.05 per cent to Rs 74.47 per share from its previous closing of Rs 70.89 with an intraday high of Rs 77.97 and an intraday low of Rs 69. The stock is up by 44.3 per cent from its 52-week low of Rs 51.60 per share and gave multibagger returns of 480 per cent in 3 years. Investors should keep an eye on this micro-cap stock. 

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

Also Read: President of India sold 11,17,57,277 shares of this multibagger railway infra company: Bagged 2 orders worth Rs 271,05,07,122 from Ministry of Railways

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