Multibagger Stock With High ROE & High ROCE Hit 52-Week High On October 24; Board Announces 10:1 Stock Split; Check Record Date Inside

The stock gave multibagger returns of 155 per cent in just 6 months, 390 per cent in 1 year and a whopping 3,650 per cent in 5 years.

On Thursday, shares of Systematix Corporate Services Limited gained 0.06 per cent and hit a 52-week high of Rs 1,927.80 per share from its previous closing of Rs 1,926.65 per share with a spurt in volume by more than 1.80 times on BSE.

The board of directors of Systematix Corporate Services Limited has approved a sub-division or stock split of each equity share with a face value of Rs 10 into 10 equity shares with a face value of Re 1 each. The record date for this purpose has been set as Tuesday, November 5, 2024.

About the Company

Systematix Corporate Services Limited, founded in 1985, is a leading financial services firm offering a comprehensive range of investment management and advisory services. The company caters to a diverse clientele, including foreign institutional investors (FIIs), domestic institutional investors (DIIs), insurance companies, and other financial institutions. Systematix's core business segments are broking, merchant banking and investment banking, and financing and other activities. The broking segment offers a wide range of services, including cash and derivatives trading, research, and advisory. The company has a strong institutional client base and has been consistently gaining market share in the broking space.

The company has a market cap of over Rs 2,500 crore with an ROE of 43 per cent and an ROCE of 48 per cent. The stock gave multibagger returns of 155 per cent in just 6 months, 390 per cent in 1 year and a whopping 3,650 per cent in 5 years. Investors should keep an eye on this small-cap stock.

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