Heavy Buying Multibagger Penny Stock Under Rs 20; Hit Upper Circuit As Board Announces 10:1 Stock Split
The stock gave multibagger returns of 133 per cent in just 1 year and a whopping 200 per cent in 2 years.
AA Plus Tradelink Limited has announced that its Board of Directors convened and held a meeting, during which they approved a 1:10 stock split, subject to shareholder approval. This stock split will divide each equity share with a face value of ₹10 into 10 equity shares with a face value of ₹1 each, aiming to increase liquidity and accessibility for retail investors. Additionally, the Board discussed the potential for a bonus issue in the near future but decided to further assess the company's financial position and reserves before finalizing the terms. Any decision regarding the bonus issue will be announced at a later date, pending necessary approvals.
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 39.87 crore.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Today, shares of AA Plus Tradelink Ltd hit a 5 per cent upper circuit to Rs 16.39 per share from its previous closing of Rs 15.61 with an intraday high of Rs 16.39 and an intraday low of Rs 14.83. The shares of the company saw a spurt in volume by more than 4.70 times on BSE. The 52-week high of the stock is Rs 26.88 and the 52-week low is Rs 7.01. The stock gave multibagger returns of 133 per cent in just 1 year and a whopping 200 per cent in 2 years. Investors should keep an eye on this penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.