Double Dhamaka! 1:1 Bonus Share & 10:1 Announced: Multibagger Penny Stock Under Rs 100 To Keep Under Radar
The company has a market cap of Rs 79.15 crore and gave multibagger returns of 150 per cent from its 52-week low of Rs 39.62 per share.
Consecutive Investments & Trading Co Ltd held its Board of Directors meeting on October 16, 2024. The meeting approved several significant resolutions. First, the company increased its authorized share capital from Rs 10 crore to Rs 16.5 crore by creating 65 lakh additional equity shares of Rs 10 each. This change will be reflected in the Memorandum of Association's Capital Clause. Second, the board approved the sub-division of each Rs 10 equity share into 10 shares that have a face value of Re 1 equity shares. Finally, a bonus issue of equity shares in a 1:1 ratio was authorized, meaning shareholders will receive 1 equity share for every 1 equity share they hold. This split is intended to enhance liquidity and make the company's shares more accessible to smaller investors. The board anticipates completing these actions within two months from the date of approval.
Consecutive Investments & Trading Company Limited is a public limited company incorporated in November 1982 in West Bengal, India. It is primarily engaged in investment activities, including investments in shares, debentures, and other securities. The company may also engage in trading activities, although the extent of these activities is not fully disclosed in the provided information. The company's registered office is located in Kolkata, India.
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On Thursday, shares of Consecutive Investments & Trading Company Ltd gained 2.29 per cent to Rs 98.85 per share from its previous closing of Rs 96.64 per share with a spurt in volume by more than 2.30 times on BSE. The stock’s 52-week high is Rs 104.29 and its 52-week low is Rs 39.62. The company has a market cap of Rs 79.15 crore and gave multibagger returns of 150 per cent from its 52-week low of Rs 39.62 per share.
Disclaimer: The article is for informational purposes only and not investment advice.