Don't miss action in this stock that has announced bonus shares, stock split and dividend!

Today, shares of the company witnessed a spurt in volume by more than 1.43 times on BSE.

On Friday, shares of IIFL Wealth Management Limited also known as 360 ONE WAM Ltd ended the day lower, down 1.16 per cent to Rs 1916.10 per share. The shares of the company traded at a new 52-week high of Rs 1959.95.   

360 One Wam Ltd informed the exchange that it will issue bonus shares in the ratio of 1:1 which means that shareholders will receive 1 bonus share for each share held by the existing shareholder and stock split wherein it will be converting equity shares with a face value of Rs 2 each into 2 equity shares with a face value of Re 1 each. It has also declared a dividend of Rs 17 per equity share, with the record date set for Monday, January 30, 2023.  

IIFL Wealth Management Limited, established in 2008, is one of India's largest private wealth management firms. The company recently informed the exchange that 'IIFL Wealth Management Ltd' will be renamed '360 One WAM Ltd'. The firm provides investment products, treasury advisory services, lending solutions and estate planning.  

Recently, the company released its December quarter results (Q3) where the company reported positive results. In Q3FY22 when the net profit was Rs 152.94 crore, it increased significantly to Rs 171.53, up 12.16 per cent in Q3FY23. Today, shares of the company witnessed a spurt in volume by more than 1.43 times on BSE. Investors should keep an eye on this stock.