Promoters bought 4,00,000 shares & 1,460 per cent multibagger returns; Board announces stock split from Rs 10 to Re 1
The stock gave multibagger returns of 500 per cent in just 1 year and a whopping 1,460 per cent in 3 years.
Kiduja India Ltd informed that the Board of Directors of the company at their meeting have inter alia, approved and taken on record the following:
1) Sub-division/ stock split of the equity shares of the company having a face value of Rs 10 each to a face value of Re1 each.
2) Alteration of the authorised share capital clause of the company.
Kiduja India Ltd, established in 1985, is a non-banking finance company that has evolved from a data processing and software development firm to a multi-disciplinary asset manager. The company engages in a diverse range of investment activities, including futures and options trading, derivatives, stock portfolio management and mutual fund investments. Kiduja India Ltd operates as a Non-Systematically Important Non-Deposit Taking Non-Banking Finance Company, providing comprehensive asset management services to its clients.
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The company has a market cap of Rs 107.7 crore with a 3-year stock price CAGR of 145 per cent. According to the shareholding pattern, in June 2024, the promoters of the company bought 4,00,000 shares and increased their stake to 75 per cent compared to 70 per cent in March 2024.
On Friday, shares of Kiduja India Ltd plunged 1.04 per cent to Rs 448.70 per share from its previous closing of Rs 453.40 with an intraday high of Rs 464.55 and an intraday low of Rs 440. The stock’s 52-week high is Rs 480.35 and its 52-week low is Rs 70.30. The stock gave multibagger returns of 500 per cent in just 1 year and a whopping 1,460 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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