1:10 bonus share after 10:1 stock split: High ROE & high ROCE multibagger debt-free penny stock under Rs 15 & Promoters sold 7,67,862 shares!
The stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 6.08 per share, 7,000 per cent in 3 years and a whopping 12,174 per cent in 5 years.
Pulsar International Limited announced that its Board of Directors approved a 1:10 bonus share issuance to existing equity shareholders. This means shareholders will receive one new equity share for every ten shares they currently hold. The bonus shares will be issued out of free reserves and will rank equally with existing shares. The company expects the bonus shares to be credited or dispatched within two months of the board's approval. The record date for the bonus issue will be announced later.
Earlier, shares of the company ex-traded stock split of every 1 equity share having a face value of Rs 10 each, fully paid up into 10 equity shares having a face value of Rs 1 each fully paid-up. The ex-date for stock split was Friday, April 19, 2024.
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Pulsar International Ltd, founded in 1990, is a finance and investment company. Though initially involved in trading, imports/exports and consultancy services, their current revenue comes primarily from consultancy fees and sales of work contract materials, indicating a shift in their business focus.
The company has a market cap of Rs 87.6 crore with a 3-year stock price CAGR of 310 per cent. The company's promoters sold 7,67,862 shares and decreased their stake to 9.26 per cent in June 2024 compared to 10.44 per cent in March 2024. The company is debt-free as there is no loan on the company nor the company is paying any interest. The stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 6.08 per share, 7,000 per cent in 3 years and a whopping 12,174 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.
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