1,200 per cent multibagger returns: Board announced 10:1 stock split; Check record date inside!
The stock gave multibagger returns of 255 per cent in 6 months, 915 per cent in 1 year and a whopping 1,200 per cent in 2 years.
Aayush Wellness Ltd, formerly known as Aayush Food and Herbs, is a rice trading company established in 1984. Specializing in both basmati and non-basmati varieties, the company distributes its products domestically and internationally, with a particular focus on the Gulf countries and parts of West Africa. In addition to rice, their product range includes brown basmati rice, pusa rice and sugar.
The Board of Directors has officially declared Monday, August 5, 2024, as the cutoff date to determine which shareholders are eligible for the upcoming stock split. This split will transform each existing Rs 10 face value equity share into 10 new equity shares, each valued at Re 1 (Ratio is 10:1).
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On Friday, shares of Aayush Wellness Ltd gained 0.58 per cent to Rs 277 per share with an intraday high of Rs 282.95 and an intraday low of Rs 270. The stock’s 52-week high is Rs 313.95 and its 52-week low is Rs 21.11. The company’s 100 per cent stake is owned by public shareholders as of June 2024.
The company has a market cap of Rs 89.89 crore with a PE of 158x, an ROE of 13 per cent and an ROCE of 13 per cent. The stock gave multibagger returns of 255 per cent in 6 months, 915 per cent in 1 year and a whopping 1,200 per cent in 2 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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