Don’t miss action in this micro-cap multibagger stock that has announced stock split!

On Thursday, the benchmark indices were trading in green with BSE Sensex Index up by 0.24 per cent at a level of 59,832.97.

On Thursday, the benchmark indices were trading in green. BSE Sensex Index is up by 0.24 per cent at a level of 59,832.97 and NSE Nifty-50 Index is up by 0.24 per cent at a level of 17,599.15.   

Along with the market trading in the green, shares of Radhagobind Commercial zoomed 5 per cent upper circuit to Rs 21.40 per share from its previous closing of Rs 20.39. The stock has hit back-to-back upper circuits.   

The reason behind the raise in stock price is that the company has announced a sub-division/stock split in the ratio 10:1 which is the face value of equity shares of Rs 10 to Rs 1 each as of record date. The company has verified the record date as Wednesday, May 31, 2023.   

Radhagobind Commercial has main source of revenue comes from dealing in fabrication materials. The fabrication materials consist of embroidery, fancy sarees, H.L. fabrics and textile dress materials. The company invests its surplus money in shares & securities.  

The stock gave multibagger returns of over 179 per cent in just 2 years. The stock has a 52-week high of Rs 36.75 and a 52-week low of Rs 17.75.  Investors should keep an eye on this micro-cap stock.