Promoters bought 4,00,000 shares & 1,400 per cent multibagger returns; Board announces stock split from Rs 10 to Re 1
The stock gave multibagger returns of 550 per cent in just 1 year and a whopping 1,400 per cent in 5 years.
Kiduja India Ltd. has proposed to split each of its existing equity shares have a face value of Rs 10 into 10 smaller equity shares have a face value of Re 1. This change requires approval from both shareholders and regulatory authorities. The company will announce the record date for the split after receiving the necessary approvals. To accommodate this change, the company's authorized share capital will remain at Rs 2.4 crore, but the number of equity shares will increase from 2.4 million to 24 million.
Kiduja India Ltd, established in 1985, is a non-banking finance company that has evolved from a data processing and software development firm to a multi-disciplinary asset manager. The company engages in a diverse range of investment activities, including futures and options trading, derivatives, stock portfolio management and mutual fund investments. Kiduja India Ltd operates as a Non-Systematically Important Non-Deposit Taking Non-Banking Finance Company, providing comprehensive asset management services to its clients.
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The company has a market cap of over Rs 100 crore with a 3-year stock price CAGR of 150 per cent. According to the shareholding pattern, in June 2024, the promoters of the company bought 4,00,000 shares and increased their stake to 75 per cent compared to 70 per cent in March 2024.
On Tuesday, shares of Kiduja India Ltd gained 1.62 per cent to Rs 448 per share from its previous closing of Rs 440.85 with an intraday high of Rs 459.95 and an intraday low of Rs 441. The stock’s 52-week high is Rs 480.35 and its 52-week low is Rs 70.50. The stock gave multibagger returns of 550 per cent in just 1 year and a whopping 1,400 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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