Double treat with 7:1 bonus share & 10:1 stock split: Heavy buying in this multibagger NBFC stock; hit non-stop 34 consecutive upper circuits – know the record date inside
The stock gave multibagger returns of 815 per cent in just 1 year and a whopping 4,250 per cent in 3 years
Sunshine Capital Ltd is offering shareholders a double treat with a stock split and bonus shares. The company's board of directors approved a 10:1 stock split, reducing the face value of each share from Rs. 10 to Rs. 1. This effectively increases the number of shares outstanding by 10 times. Additionally, shareholders will receive a 7:1 bonus issue, meaning they'll get 7 additional shares for every 1 share they currently hold.
This translates to a significant boost in the total number of shares owned by each investor, potentially increasing their overall holding value. This move could make the stock more affordable for individual investors and enhance liquidity, leading to increased trading activity. The company fixed the record date for bonus shares & stock split as Monday, March 11, 2024.
Sunshine Capital Ltd, established in 1989, navigates the financial realm through share trading, investing, and financing activities. Recognized as a non-deposit non-systematically important non-banking financial company, it holds its ground in India's credit reporting sphere with registrations across all four RBI Authorized CICs.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Today, the shares of Sunshine Capital Ltd were locked in a 2 per cent upper circuit to Rs 252.45 per share from its previous closing of Rs 247.50. The stock also made a fresh 52-week high is Rs 252.45 while its 52-week low is Rs 27.05. The company has a market cap of over Rs 300 crore and it is debt-free.
The promoters of the company own 5.50 per cent and the public holds 94.50 per cent stake. The stock gave multibagger returns of 815 per cent in just 1 year and a whopping 4,250 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.
For more such updates on the go, Click here to join our WhatsApp Channel
Related articles
-
2,180 per cent multibagger returns in this micro-cap stock; Board announces bonus shares & stock split!
-
Promoter Group was allocated 9,30,000 shares: 2:1 bonus share, 2:1 stock split with 4,000 per cent multibagger returns; scrip hit upper circuit on March 20
-
2:1 bonus share, 2:1 stock split with 4,500 per cent multibagger returns: Board approve USD 50,00,000 fund raising through issue of foreign currency-denominated bonds!
-
5:1 stock split after 57:10 bonus shares 10 years ago: Back-to-back upper circuits & 52-week highs in this multibagger power stock; rockets 50,000 per cent!
-
1:1 bonus share; 5:1 stock split: Heavy buying in this multibagger micro-cap stock at Rs 168.60; hit back-to-back upper circuits & 52-week highs!
-
8,000 per cent multibagger returns; Board announces 6:11 bonus shares and 10:1 stock split – PAT zooms 1,294 per cent
-
Bonus shares & stock split: Heavy buying in this multibagger micro-cap stock, hitting 10 consecutive upper circuits and 52-week highs!
-
Multibagger penny stock below Rs 90; Board likely to announce bonus shares and stock split!
-
FII bought 75,000 shares of this multibagger stock; Board is likely to announce bonus shares & stock split and company bags new orders worth Rs 16.23 crore from CMSS!
-
10,400 per cent multibagger returns: Board likely to announce bonus shares & stock split; Mukul Agrawal and Madhusudhan Kela collectively bought 50,000 shares!
-
Back-to-back upper circuits in this multibagger penny stock below 3; Board allocates 98,00,02,000 fully paid-up bonus equity shares!
-
1,600 per cent multibagger returns in this micro-cap stock; Board likely to announce bonus shares & stock split!
-
Upper Circuit Alert: Multibagger penny stock below Rs 80 to trade ex-bonus & ex-split on December 29; PAT zooms over 2,500 per cent!
-
Multibagger penny stock under Rs 80; Board announces bonus shares and stock split!
-
Multibagger penny stock under Rs 75 hit back-to-back upper circuits: Board announces bonus shares & stock split; PAT zooms over 2,500 per cent!
-
795 per cent multibagger returns in this micro-cap stock; Board likely to announce bonus shares & stock split!
-
2,750 per cent returns in this multibagger micro-cap stock; Board likely to announce stock split after 24:100 bonus shares!
-
Multibagger penny stock under Rs 80; Board likely to announce bonus shares & stock split!
-
Multibagger penny stock under Rs 60 with 4,000 per cent returns: Board announced bonus shares & stock split; scrip hit upper circuit!
-
Multibagger from its 52-week low; Board announces bonus shares & stock split for the first time ever!