1:10 Stock Split: Record Date In 4 Days On April 19; Buy To Be Eligible?

As of Monday's closing session, Pulsar International, a micro-cap company in the commercial services industry, has a market valuation of Rs 60.64 Cr. The company Pulsar International Ltd founded on October 15, 1990, is an investment company that is now involved in the Indian mutual fund unit trading market. Before trading ex-split on April 19, the penny stock below Rs 100 ended 0.53% higher on the BSE at Rs 93.44 today. The stock reached a 52-week-high of Rs 119.40 on (03/05/2023) and a 52-week-low of Rs 60.79 on (03/11/2023).

Pulsar International Stock Split Record Date

"In terms of Regulation 42 of the SEBI Listing Regulations, we wish to inform you that the Company has fixed Friday, April 19, 2024 as the 'Record Date' for the purpose of determining the eligibility of Shareholders for the purpose of sub-division/split of every 1 (one) equity share having face value of Rs.10/- (Rupees Ten only) each, fully paid-up into 10 (ten) equity shares having face value of Re.1/- (Rupee One) each fully paid-up, as approved by the shareholders through Postal Ballot on March 15, 2024," said the Board of Directors of Pulsar International in a BSE filing.

Pulsar International Financials

On a standalone basis, the company booked revenue from operations of Rs 7.29 crore in the quarter ended December 2023 up 4464.14% from Rs. 0.16 crore in the same quarter of FY23. Its net profit stood at Rs. 0.20 crore in Q3FY24 up 91.55% from Rs. 0.10 crore in Q3FY23. Pulsar International said in a regulatory filing that its quarterly EBITDA reached Rs. 0.20 crore in the reported quarter which was Rs. 0.10 crore in the same quarter of FY23, representing a growth of 100% YoY.

Pulsar International Share Price Target

"Pulsar International Limited is an India-based small capex investment company, engaged in the dealings of mutual funds units. In the last 5 years, the company's revenue has grown at a yearly rate of 13.09% which is better than the industry average of 8.46%. The investment company has recently announced a stock split with 1:10 which is scheduled for April 19, 2024. The split will change its face value from 10 to 1, making it a lucrative bet for some. As per company data, retail participants make up over 35% of this stock volume with no mutual fund, and only 0.04% of stakes are in FII. Hence, I would not recommend this stock to traders or investors who seek safety. However, those with high-risk appetites and the ability to handle volatility and swing in this small-cap may explore it. They may consider entering the stock at Rs.83-87 and avoid the current market price of Rs. 92.55. However, they must follow a target of Rs.100-140 and consider holding it for 6 months, while adhering to a strict stop loss at Rs.70, for gains. I urge individuals to note that the number of shareholders stands at 13.49k whereas, the market capitalization is around Rs. 60 crore, which makes it easier for large investors to influence small cap's trajectory significantly. This is why it is important to be cautious and plan carefully before investing in small caps like this stock," said V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

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