Multibagger penny stock under Rs 100 with 700 per cent returns; Board announces 10:1 stock split; Check record date inside!
The stock is up by 82.15 per cent from its 52-week low of Rs 51.60 per share and gave multibagger returns of over 700 per cent in 3 years.
Onesource Ideas Venture Ltd.'s Board of Directors proposes to sub-divide each existing Rs 10 equity share into 10 equity shares of Re 1 share, subject to shareholder and regulatory approval. This would require altering the company's Memorandum of Association. Additionally, the Board recommends increasing the authorized share capital from Rs 5 crore to Rs 55 crore, divided into 55 crore Re 1 shares each. The Board fixed the record date for the stock split as Friday, September 13, 2024.
Onesource Ideas Venture Ltd offers investment banking services such as mergers and acquisitions and business restructuring. The company invests in companies for the long term and focuses on building value for the businesses it invests in. The company works closely with founders and management teams to help them grow their businesses.
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On Friday, shares of Onesource Ideas Venture Ltd gained 2.70 per cent to Rs 93.99 per share from its previous closing of Rs 91.52 with an intraday high of Rs 93.99 and an intraday low of Rs 87.10.
The company has a market cap of Rs 28.9 crore and working capital requirements have reduced from 696 days to 97.3 days. The stock is up by 82.15 per cent from its 52-week low of Rs 51.60 per share and gave multibagger returns of over 700 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.
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