97.6 Per Cent Returns From 52-Week Low; Board Announce Stock Split in The Ratio 5:1
The company has a market cap of Rs 1,590 crore and the stock is up by 97.6 per cent from its 52-week low of Rs 97.55 per share.
Capital India Finance Limited has informed its Board of Directors about a proposed stock split. The split ratio will be 5:1, meaning each existing equity share with a face value of Rs 10 will be subdivided into 5 new equity shares with a face value of Rs 2 each. This move aims to enhance liquidity and broaden the investor base by making the company's shares more affordable to retail and potential investors. The company expects to complete this stock split within 3 months of obtaining shareholder approval.
Capital India Finance Ltd (CIFL), incorporated in 1994, operates as an integrated financial services platform offering customized financial solutions, including lending, forex (with Money Transfer Service Scheme or MTSS business), and fintech services. Initially focused on commercial real estate, CIFL has shifted its primary focus to the SME/MSME segment, providing loans against property and corporate/structured finance loans to this business class.
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On Thursday, shares of Capital India Finance Ltd gained 1.82 per cent to Rs 192.75 per share from its previous closing of Rs 189.30 per share. The stock’s 52-week high is Rs 278.40 per share and its 52-week low is Rs 97.55 per share.
The company has a market cap of Rs 1,590 crore and the stock is up by 97.6 per cent from its 52-week low of Rs 97.55 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.