1:1 Bonus Shares & 10:1 Stock Split: 06th December Record Date; BUY/SELL?

On November 16, 1982, Consecutive Investments & Trading Company Limited was established in the West Bengal state as a Public Limited Company. With an eye for industrial growth potential, the business financed industrial enterprises in the country by investing in shares, real estate, bonds, and other instruments. Following the company's announcement of the record date for stock split and bonus shares, shares of Consecutive Investment & Trading Company closed Friday at a 2% lower circuit limit at Rs 84.72, with a market capitalisation of Rs 67.84 Cr.

Consecutive Investments & Trading Company Record Date For Stock Split & Bonus Shares

For the purpose of 10 to 1 i.e. sub-division of 1 equity share of the face value of Rs. 10/- each fully paid-up into 10 equity shares of the face value of Re. 1/- each fully paid-up and 1:1 i.e. 1 bonus equity shares of the face value of Re. 1/- each fully paid up for every 1 existing equity share of face value of Re. 1/- each fully paid up, the Board of Directors have declared Friday, 06th December 2024 as the record date.

Consecutive Investments & Trading Company News

The Board of Directors considered and approved "Increase in the Authorized Share Capital of the Company from Rs 10,00,00,000/- (Rupees Ten Crore only), divided into 1,00,00,000 (One Crore) Equity Shares of Rs 10/- (Rupees ten only) each to Rs 16,50,00,000/- (Rupees Sixteen Crore Fifty Lakhs only), divided into 1,65,00,000 (One Crore Sixty Five Lakhs) Equity Shares of Rs 10/- (Rupees Ten only) each, by creation of additional 65,00,000 (Sixty Fifty Lakhs) Equity Shares of face value of Rs 10/- (Rupees Ten only) each and consequential alteration to the Capital Clause of the Memorandum of Association," said the company in a stock exchange filing.

Consecutive Investments & Trading Company Share Price Target

"Consecutive Investment stock price is bearish on the Daily charts with strong resistance at 90. A Daily close below support of 85.5 could lead to a target of 74.4 in the near term," said A R Ramachandran, Independent Research Analyst.

Disclaimer

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