Double treat with 7:1 bonus share & 10:1 stock split: Heavy buying in this multibagger NBFC stock; hit non-stop 34 consecutive upper circuits – know the record date inside

The stock gave multibagger returns of 815 per cent in just 1 year and a whopping 4,250 per cent in 3 years

Sunshine Capital Ltd is offering shareholders a double treat with a stock split and bonus shares. The company's board of directors approved a 10:1 stock split, reducing the face value of each share from Rs. 10 to Rs. 1. This effectively increases the number of shares outstanding by 10 times. Additionally, shareholders will receive a 7:1 bonus issue, meaning they'll get 7 additional shares for every 1 share they currently hold.

This translates to a significant boost in the total number of shares owned by each investor, potentially increasing their overall holding value. This move could make the stock more affordable for individual investors and enhance liquidity, leading to increased trading activity. The company fixed the record date for bonus shares & stock split as Monday, March 11, 2024.

Sunshine Capital Ltd, established in 1989, navigates the financial realm through share trading, investing, and financing activities. Recognized as a non-deposit non-systematically important non-banking financial company, it holds its ground in India's credit reporting sphere with registrations across all four RBI Authorized CICs.

Today, the shares of Sunshine Capital Ltd were locked in a 2 per cent upper circuit to Rs 252.45 per share from its previous closing of Rs 247.50. The stock also made a fresh 52-week high is Rs 252.45 while its 52-week low is Rs 27.05. The company has a market cap of over Rs 300 crore and it is debt-free.

The promoters of the company own 5.50 per cent and the public holds 94.50 per cent stake. The stock gave multibagger returns of 815 per cent in just 1 year and a whopping 4,250 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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

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