Back-to-Back Lower Circuits in This Low PE & High ROE Multibagger Stock; Board Announces Stock Split From Rs 10 to Rs 2

The stock gave multibagger returns 150 per cent in just 6 months and a whopping 315 per cent in 1 year.

Shardul Securities Ltd has announced that its Board of Directors has proposed a sub-division of the company's equity shares. This means that each existing equity share with a face value of Rs 10 will be split into five new equity shares, each with a face value of Rs 2. This sub-division, also known as a stock split, is subject to the approval of the company's equity shareholders. Once approved, the company will determine a record date. On this date, shareholders will be eligible for the split. For example, if a shareholder owns 100 shares of Rs 10 each on the record date, that will be split into 500 shares of Rs 2 each.  

Shardul Securities, a prominent Indian financial services firm, was established in 1985. Initially focused on lease financing, the company has since diversified into investment banking. Today, it offers a wide range of services, including equity and debt investments, trading, and brokerage. With a strong focus on client satisfaction, Shardul Securities caters to a diverse clientele, from individuals to large institutions.

On Thursday, shares of Shardul Securities Ltd was locked in a 2 per cent lower circuit to Rs 463.35 per share from its previous closing of Rs 472.80 per share. In the recent trading sessions, the stock has been hitting back-to-back lower circuits. The company has a market cap of Rs 811 crore and stock’s 52-week high is Rs 556.85 & its 52-week low is Rs 113. The shares of the company have a PE of 5x and an ROE of 30 per cent. The stock gave multibagger returns 150 per cent in just 6 months and a whopping 315 per cent in 1 year. Investors should keep an eye on this micro-cap stock.

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