2,180 per cent multibagger returns in this micro-cap stock; Board announces bonus shares & stock split!

The stock gave multibagger returns of 600 per cent in just 1 year and a whopping 2,180 per cent in 3 years.

Sunshine Capital Ltd informed that the Board of Directors of the company have approved bonus shares stock split of equity shares. Here are the details: -

Stock split - One (1) equity share of Rs 10 each will be subdivided/split into ten (10) equity shares of face value of Rs 1 each.

Bonus shares - 7 (seven) equity shares of Rs 1 each for every 1 (one) existing equity shares of Rs 1 each held as on a record date (it shall be decided by the board and will be intimated to exchange).

The reason behind the stock split and bonus shares is to facilitate a larger shareholder base and aid liquidity capital and it will be completed within 3 months from approval of the shareholders (January 12, 2023).

Sunshine Capital Ltd, established in 1989, navigates the financial realm through share trading, investing, and financing activities. Recognized as a non-deposit non-systematically important non-banking financial company, it holds its ground in India's credit reporting sphere with registrations across all four RBI Authorized CICs.

Today, the shares of Sunshine Capital Ltd were locked in a 2 per cent upper circuit to Rs 142.47 per share from its previous closing of Rs 139.68. The stock’s 52-week high is Rs 177.85 and its 52-week low is Rs 18.40. The company has a market cap of Rs 185.51 crore and it is debt-free.

The promoters of the company own 5.50 per cent and the public holds 94.50 per cent stake. The stock gave multibagger returns of 600 per cent in just 1 year and a whopping 2,180 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.