Stock Split and Dividend announced by the company; Stock generated a multibagger return of 6100 per cent, do not miss the opportunity!
Impressively, the stock has yielded substantial return of 240 per cent in the past three years and an astonishing 805 per cent in five years.
In a significant development for Company Cantabil Retail India Limited, the Board of Directors convened on August 12, 2023, to deliberate and authorize pivotal decisions.
The board approved a stock split during the meeting. As per the proposal, each equity share with a nominal or face value of Rs. 10 would be subdivided into five equity shares, each having a nominal value of Rs. 2, reflecting a 1:5 ratio.
Furthermore, the Board set October 20, 2023, as the record date for executing the stock split, heralding potential changes in the shareholder landscape and enhanced investment prospects. This decision underscores the company’s dedication to adaptability and augmenting shareholder value, marking the dawn of a new era for stakeholders and reinforcing the vision of sustained growth and evolution.
Additionally, the company announced a final dividend of Rs. 2.50 (Rupees Two and Fifty Paisa Only) Per Share for the Financial Year 2022-23.
The record date for the final dividend disbursement is scheduled for September 15, 2023.
Also, Ceck: This company bagged an order more than its market capitalization
As of Friday's close, the company's shares were closed at Rs. 1080.95 on the BSE. The current market capitalization stands at Rs. 1764.93 crore.
Impressively, the stock has yielded a 13 per cent return within a week, and over the longer term, it has garnered a substantial return of 240 per cent in the past three years and an astonishing 805 per cent in five years. Moreover, the stock has delivered an astounding 6100 per cent return to investors over the past ten years.
Investors must keep this stock on their radar.
Also, check: This company announced buy-back
Disclaimer: This article is for informational purposes only and not investment advice.