Shares of this company hit back-to-back upper circuits as it announced stock split; know the record date!
The stock is up by 20.86 per cent in just 5 trading sessions.
On Friday, one of the Top Gainers on BSE, shares of Vivanza Biosciences surged 5 per cent upper circuit to Rs 179.60 per share from its previous closing of Rs 171.05. Recently, shares of the company hit back-to-back upper circuits as it announced stock split in the ratio 1:10.
Vivanza Biosciences Limited inform you that the Board of Directors of the company at its meeting considered and approved Friday, March 24, 2023, record date for the purpose of determining the eligibility of shareholders for the purpose of sub-division of 1 equity share having face value of Rs 10 each into 10 equity shares of the nominal value of Rs 1 each in the share capital of the company.
Vivanza Biosciences Ltd is engaged in the business of trading pharmaceutical products. The products of the company include gloves and surgicals. Today, shares of the company saw a spurt in volume by more than 4.19 times on BSE.
According to the financials, Vivianza Biosciences is a Small-Cap company which had a market cap of Rs 70 crore. The company has reported amazing numbers in both Quarterly Results and annual results. In Q3FY23, net sales rose by 285.53 per cent over Q3FY22. The company reported a net profit of Rs 0.46 crore in Q3FY23 compared to a net loss of Rs 0.05 crore in Q3FY22.
The stock is up by 20.86 per cent in 5 days and gave multibagger returns of 156.57 per cent in the last 5 years. Investors should keep a watch on this small-cap stock ujder their radar.