Multibagger stock jumped 17.5 per cent & hit a 52-week high after announcing stock split from Rs 10 to Re 1
The stock gave multibagger returns of 183 per cent from its 52-week low of Rs 41.53 per share
On Wednesday, shares of Ascensive Educare Ltd jumped 17.5 per cent to Rs 117.50 per share from its previous closing of Rs 100 per share. The stock also made a new 52-week high of Rs 117.50 per share while its 52-week low is Rs 41.53 per share. The shares of the company saw a spurt in volume by more than 1.14 times on BSE.
Ascensive Educare Ltd.'s Board of Directors has approved a proposal to split each equity share of Rs. 10/- into 10 equity shares of Re. 1/- each. This decision, subject to shareholder approval in an upcoming Extraordinary General Meeting, aims to increase the liquidity of the company's shares by making them more affordable to a wider range of investors. The company expects to complete this share split within the next two months.
Earlier, Ascensive Educare Ltd. is excited to announce a partnership with Samagra Shiksha to implement vocational education programs in 117 government schools across Madhya Pradesh. This initiative, aligned with the National Skill Qualification Framework (NSQF), will equip students with industry-relevant skills. The company is committed to delivering exceptional results and seeks your support for this significant project valued at approximately Rs 3,12,18,000.
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About the Company
Ascensive Educare Ltd. is a skill development company that collaborates with the Indian government and industry associations to provide vocational training and educational consulting services. They focus on both developing new skills and reskilling the existing workforce at the grassroots level. As an NSDC-accredited training partner, Ascensive Educare offers nationally recognized qualifications that are aligned with industry standards, all delivered by experienced trainers certified by the Sector Skills Council. Their curriculum complies with NSFQ guidelines, and they've trained over 50,000 individuals in Kolkata through various hardware, networking, and management programs. Beyond these vocational qualifications, Ascensive Educare also provides short courses, workshops, and specific skill sets designed to meet the needs of professionals and businesses.
The company has a market cap of Rs 44 crore and reported positive numbers in its Quarterly Results and annual results. The shares of the company have a ROE of 19 per cent and an ROCE of 22 per cent. The stock gave multibagger returns of 183 per cent from its 52-week low of Rs 41.53 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.