1:10 bonus share after 10:1 stock split & Promoters sold 7,67,862 shares: Debt-free multibagger penny stock under Rs 20; Check bonus record date inside!
The stock gave multibagger returns of over 160 per cent from its 52-week low of Rs 6.08 per share, 8,250 per cent in 3 years and a whopping 14,300 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 Board fixed the record date as Saturday, September 28, 2024.
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.
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.
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The company has a market cap of over Rs 100 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 160 per cent from its 52-week low of Rs 6.08 per share, 8,250 per cent in 3 years and a whopping 14,300 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.