Multibagger Stocks: A Great Investment Opportunity 💰
Investing in the stock market can be a lucrative venture, and there are certain companies that attract and retain investors through various corporate announcements. One such company that is currently on investors’ radar is Standard Capital Markets Limited, a non-banking financial company.
The company recently made two major corporate announcements that have caught the attention of investors. These announcements include a stock split and bonus share issuance. In a statement to the stock markets, Standard Capital Markets stated that its board of directors has approved the stock split decision. The company plans to split its shares in a ratio of 10:1, meaning that each share will be divided into 10 smaller pieces.
Additionally, the company announced the issuance of bonus shares to shareholders who are eligible for the stock split. The bonus shares will be distributed in a ratio of 1:1, meaning that each eligible shareholder will receive one free share for every share held.
Standard Capital Markets has set the record date for the stock split and bonus share issuance as December 29th. This means that the decision will only apply to shareholders who own the company’s shares on or before this date.
Standard Capital Markets is a small company in the NBFC sector with a market capitalization of approximately INR 360.44 crores. However, when it comes to returns, the company has outperformed some of the market giants. It is one of the top companies that has provided the highest returns to its investors in the last 5 years.
The company’s stock closed at INR 73.56 on the BSE (Bombay Stock Exchange) on Thursday, December 21st. Just five years ago, the stock was trading at a mere INR 1.36. Since then, the stock prices have increased by over 5,300%.
Investing in multibagger stocks like Standard Capital Markets can be a rewarding opportunity for investors. With the stock split and bonus share issuance, the company aims to attract and retain both existing and new investors. So, don’t miss out on this chance to invest in a company that has consistently provided high returns to its shareholders.
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Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
