Record Date Fixed As Children’s Day for 1.5:1 Bonus Share After 10:1 Stock Split: Multibagger Penny Stock Under Rs 40 With 1,750 Per Cent
The stock gave multibagger returns of 360 per cent returns in 1 year and a whopping 1,750 per cent in 5 years.
On Monday, shares of Worth Investment & Trading Company Limited hit a 5 per cent upper circuit to Rs 37.83 per share from its previous closing of Rs 36.03 per share. The stock’s 52-week high is Rs 48.55 per share while its 52-week low is Rs 7.59. The shares of the company saw a spurt in volume by more than 7 times on BSE.
Worth Investment & Trading Co Ltd has announced a bonus share issue in the ratio of 1.5:1, meaning shareholders will receive 3 bonus shares for every 2 shares held. The Record Date for determining eligible shareholders has been set as Thursday, November 14, 2024. This means that shareholders who own shares on this date will be entitled to receive the bonus shares. Additionally, Children's Day is celebrated in India to raise awareness about the rights, education and welfare of children. It is celebrated on November 14, every year on the birthday of the First Prime Minister of India Jawaharlal Nehru, who was known to have been fond of children.
Earlier, the shares of the company ex-traded stock split of the shares from a face value of Rs 10 to Re 1 on July 03, 2024.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
Worth Investment & Trading Company Limited, founded in 1980, is a finance and investment company that deals in acquiring, selling, and trading various securities like shares, bonds, and stocks. They also provide private financing to specific groups. The company has a market cap of Rs 561 crore with a 3-year stock price CAGR of 180 per cent.
The stock gave multibagger returns of 360 per cent returns in 1 year and a whopping 1,750 per cent in 5 years. Investors should keep an eye on this penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.