Multibagger Alert: Arihant Capital Markets fixed record date for the stock split

Share price of the company has increased from Rs 125 in April 2021 to Rs 440 currently, rising by 256 per cent.

Arihant Capital Markets, a leading stock broking service provider in India has turned out to be a multibagger in last one year. In last one-year shares of the company has generated return of almost 260 per cent. Share price of the company has increased from Rs 125 in April 2021 to Rs 440 currently, rising by 256 per cent. Year till date when the markets in general have not performed well, share price of the company rose by 88 per cent. So, every one lakh invested year back in company’s share would have become now Rs 3.52 lakh. 

The company has proposed company's board split equity shares of the face value of Rs 5 each into equity shares of the face value of Re 1 each (5:1). The record date for which has been fixed at April 15, 2022. This announced stock split is to encourage wider participation of retail investors by making the equity shares more affordable for them and enhancing the liquidity of equity shares of the company in stock markets. The company anticipates finishing the stock split process within two months from the date of notice of the extraordinary general meeting on May 3, 2022.  

The company's consolidated net profit rose 46.53 per cent to Rs 13.10 crore and a 68.17 per cent increase in net sales to Rs 48.23 crore in Q3 December 2021 over Q3 December 2020.