2:1 bonus share after 10:1 stock split in 2013: Multibagger penny stock at Rs 72.90 to keep under the radar!

The stock gave multibagger returns of 201 per cent in just 1 year and a whopping 2,435 per cent in 3 years.

Caspian Corporate Services Ltd informed that the meeting of the Board of Directors of our company approved the issuance of bonus shares in the ratio 2:1 i.e., 2 bonus shares for every 1 equity share held by the equity shareholders of the company as on 'Record Date’. The bonus shares once allotted shall rank pari-passu in all respects and carry the same rights as the existing equity shares. The record date will be within 2 months from the date of the Board's approval i.e. on or before September 02, 2024

Earlier, in 2013, the shares of the company ex-traded stock split of equity shares from a face value of Rs 10 to a face value of Re 1 (Ratio 10:1).
Caspian Corporate Services Ltd, founded in 2011, offers a wide range of services to businesses across India. They can handle everything from facility management (including cleaning, security, and maintenance) to property management and office support. They can also help with staffing needs, including IT professionals, and manage payroll and customer support. Originally known as Intellivate Capital Advisors Limited, the company changed its name to Caspian Corporate Services Ltd in response to a shift in management. The company has a market cap of over Rs 300 crore with a 3-year stock price CAGR of 200 per cent.

Also Read: 3:1 Bonus Share: Suzlon’s peer company turns debt-free with infusion of Rs 900 crore by promoter; details inside

Today, shares of Caspian Corporate Services Ltd gained 2.62 per cent to Rs 72.90 per share from its previous closing of Rs 71.04. The stock’s 52-week high is Rs 71.04 while its 52-week low is Rs 21.05. The stock gave multibagger returns of 201 per cent in just 1 year and a whopping 2,435 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.