1:10 Split, 1:1 Bonus YTD: Rahul Gandhi-Held Stock At 1-Year Low, Down 24% In 3 Months; Who Is It?

Rahul Gandhi-backed media and advertising stock has witnessed a sharp correction since its ex-split and ex-bonus in about 3 months. The stock ended last week's bearish session at 2024 lows, while its quarterly performance is down by nearly 24%. Due to a stock split and bonus issue earlier in 2024, Gandhi's 260 shareholding multiplied to 5,200 shares.

Who is it? This is an NSE-listed small-cap stock, Vertoz Ltd.

On NSE, Vertoz's share price ended at Rs 27.52, down by 5.01% on Friday last week. The company's market cap stood at Rs 2,330.24 crore.

Data from NSE showed that, on a year-on-year basis, Vertoz's highest level was at Rs 905 apiece which was recorded on March 4, 2024. Notably, this is the price level before ex-split and ex-bonus. Meanwhile, its 1-year was touched on October 4, 2024, to Rs 27.52 apiece.

Vertoz is also at its lowest level in 2024 and in October month. The stock's 52-week high is at Rs 45.25 apiece.

That being said, Vertoz is down by 88.4% year-to-date, while in a day, the decline is by nearly 82%. In six months, the stock dipped by 93%. This is due to its stock split and bonus issue as price level Vertoz got adjusted eventually.

Vertoz turned ex-split and ex-bonus on July 5, 2024, and at that time its share price was at Rs 36.05 apiece. Since then to date, the stock is down by 23.66%. This makes three months.

Vertoz Stock Split:

Vertoz carried its first-ever stock split in the ratio of 1:10 in July 2024. 1 equity share of Vertoz with Rs 10 face value, was split into ten smaller shares at a face value of Re 1 each.

Vertoz Bonus Issue:

In July 2024, Vertoz also carried a bonus issue of 1:1, meaning, the company distributed 1 bonus share on existing 1 equity share. However, this will be the second bonus issue by the company. The first bonus issue was 1:1 in January 2020.

Vertoz Advertising Rahul Gandhi:

As per the affidavit filed by Rahul Gandhi before the Election Commission of India, his shareholding before the stock split and bonus issue stood at 260 shares in Vertoz.

But thanks to the stock split and bonus issue, the number of shares held by Rahul has risen to 5,200 equities of Vertoz. How?

Taking the 1:10 stock split ratio, the 260 shares of Rahul Gandhi multiplied and jumped to 2,600 shares (260x10).

Then apply the 1:1 bonus issue, his 2,600 shares after the split ratio, will receive another 2,600 bonus shares, doubling his portfolio to 5,200 shares.

About Vertoz Ltd:

Vertoz (NSE: VERTOZ) an AI-powered MadTech & CloudTech platform offers Digital Advertising, Marketing, Media and Monetization (MadTech) & Digital Identity, and Cloud Infrastructure (CloudTech) catering to Businesses, Digital Marketers, Advertising Agencies, Digital Publishers, Cloud Providers, and Technology companies.