Board Announced Record Date For 10:1 Stock Split: Multibagger Penny Stock Under 20 Hit Upper Circuit; Promoters Sold 14.58 Per Cent Stake
The stock is trading at 0.78 times its book value and gave multibagger returns of over 100 per cent from its 52-week low of Rs 7.01 per share.
AA Plus Tradelink Limited has declared a stock split, where each existing equity share with a face value of Rs. 10 will be divided into 10 new equity shares with a face value of Re. 1 each. This move aims to increase the liquidity of the company's shares by making them more affordable for a wider range of investors. The board fixed the record date for the stock split as Wednesday, January 08, 2025.
Incorporated in 2016, AA Plus Trade Link Ltd trades in products made of iron & steel, aluminium, graphite and other alloy products. It takes contracts from builders for the end-to-end supply and fitting of aluminium windows along with the glass. The company has a market cap of Rs 34.98 crore and debtor days have improved from 110 to 60.4 days.
Today, shares of AA Plus Tradelink Ltd hit a 5 per cent upper circuit to Rs 14.38 per share from its previous closing of Rs 13.70 with an intraday high of Rs 14.38 and an intraday low of Rs 14.35. The 52-week high of the stock is Rs 26.88 and the 52-week low is Rs 7.01.
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In September 2024, the promoters of the company sold a 14.58 per cent stake in the company and decreased their stake to 6.74 per cent compared to March 2024. The stock is trading at 0.78 times its book value and gave multibagger returns of over 100 per cent from its 52-week low of Rs 7.01 per share. Investors should keep an eye on this penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.