Multibagger stock below Rs 50: Don't miss action in this stock that is likely to announce bonus shares!

The stock gave multibagger returns of 696.18 per cent in just 6 months whereas BSE Small-Cap Index gave returns of just 5.5 per cent.

Today, shares of Global Capital Markets Ltd surged 3.26 per cent to the day's high of Rs 39.65 per share from its previous closing of Rs 38.40. In recent trading sessions, the stock had hit back-to-back upper circuits. The shares of the company are near its 52-week high of Rs 45. Today, shares of the company saw a spurt in volume by more than 1.40 times on BSE.  

The Company, in its latest press release, has revealed that the meeting of company's Board of Directors will be held on Friday, January 27, 2023, to consider the following proposals: 1) Sub-Division of face value of equity shares. 2) Issue of Bonus Equity Shares of Rs 1 each.   

Global Capital Markets Ltd is a registered NBFC (Non-Banking Financial Company) and is engaged in the business of finance and investments. Besides providing loans, the company also does investing and trading activities in both equity and F&O segments in the Indian capital market.  

Talking about the numbers, Global Capital Markets Ltd has a market cap of Rs 96 crore with a 1-year CAGR of 513 per cent. The company reported positive results in both quarterly and annual financial statements. In Q2FY22 when the net profit was only Rs 0.48 crore, it skyrocketed 104.17 per cent to Rs 0.98 crore.  

The stock gave multibagger returns of 696.18 per cent in just 6 months whereas BSE Small-Cap Index gave returns of just 5.5 per cent. Investors should keep an eye on this multibagger stock.