Multibagger Penny Stock Under Rs 80 Hit Upper Circuit As Board Is Likely To Announce Stock Split
The stock has given multibagger returns of 146 per cent from its 52-week low of Rs 31.31 per share.
Ajcon Global Services Limited informed that the meeting of the Board of Directors of the company is scheduled to be held on Monday, April 28, 2025, to inter-alia consider & approve the proposal for alteration in the share capital of the company by way of sub-division/stock split of the existing Equity Shares of Rs 10 (Rupees Ten Only) each in such manner as may be determined by the Board of Directors, subject to the approval of Shareholders and any other regulatory/ statutory approvals, as may be required under the applicable laws.
On Tuesday, shares of Ajcon Global Services Limited hit a 10 per cent upper circuit to Rs 77 per share from its previous closing of Rs 70 per share. The stock’s 52-week high is Rs 89.17 per share and its 52-week low is Rs 31.31 per share.
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Incorporated in 1986, Ajcon Global Services Ltd operates as a consulting-led integrated financial services company, providing a range of solutions including stock broking across BSE, NSE, and MCS-SX, as well as depository services through CDSL. The company also functions as a dealer on the M.P. Stock Exchange and is impanelled with over 25 leading banks and mutual funds for secondary market operations on the NSE capital market segment. Notably, Ajcon Global Services has partnered with Bank of India to offer online trading services to its customers through its dedicated portal.
The company has a market cap of Rs 44 crore with a current debt of Rs 11 crore. The stock has given multibagger returns of 146 per cent from its 52-week low of Rs 31.31 per share. Investors should keep an eye on this penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.