Double Dhamaka: 1:1 Bonus Share and 10:1 Stock Split Announced – Multibagger Stock with 600 Per Cent Returns; Record Date Inside!

The stock gave multibagger returns of over 200 per cent in just 1 year and a whopping 600 per cent in 5 years.

On Friday, shares of Vertoz Advertising Ltd gained 0.16 per cent to Rs 701 per share with an intraday high of Rs 705 and an intraday low of Rs 689. The stock’s 52-week high is Rs 905 and its 52-week low is Rs 218.  

The Board of Directors of the company have announced the stock split in the ratio 10:1 i.e., 10 shares of face value of Re 1 each for every 1 equity share of face value of Rs 10 each and bonus shares in the ratio of 1:1 i.e., 1 bonus share for each existing equity share held in the company post stock split. The Board fixed the record date for bonus shares and stock split as Friday, July 05, 2024.

Vertoz Advertising Ltd., established in 2012, is a leading force in the advertising technology (ad-tech) industry. They specialise in providing data-driven solutions for marketing, advertising, and monetisation. Their target clientele includes digital marketers, advertising agencies, and various digital media businesses. Vertoz leverages the latest technologies to deliver a comprehensive suite of services. They've developed their full-stack solutions and strategically acquired additional components to ensure a well-rounded product offering.

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Vertoz positions itself as an AI-powered MadTech (Marketing and Advertising Technology) and CloudTech (Digital Identity and Cloud Infrastructure). This allows them to cater to a diverse range of clients, including businesses, digital marketers, agencies, publishers, cloud providers, and tech companies. Their offerings encompass Marketing & Advertising Technology that helps businesses achieve their marketing goals and build revenue streams. They also provide Media & Monetization Technology that facilitates seamless ad buying and selling by bridging the gap between publishers and advertisers. Vertoz boasts a series of well-known platforms like IngeniousPlex (for marketers and agencies), IncrementX (for publishers), Admozart (a real-time ad exchange), and Adzurite (for performance marketing).

The company has a market cap of over Rs 2,900 crore and debtor days have improved from 174 to 125 days. In its half-yearly results (H2FY24) and its annual results (FY24), the company reported positive numbers. The stock gave multibagger returns of over 200 per cent in just 1 year and a whopping 600 per cent in 5 years. Investors should keep an eye on this stock.

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