Laddu Gopal Online Services is a penny stock but currently is restricted from trading by BSE. On June 24, this penny stock turned ex-split for the first time in the ratio of 1:5. Simply put, 1 equity share is split into five shares, becoming affordable.
Laddu Gopal Online Services Share Price:
The share price of Laddu Gopal Online Services was adjusted due to its stock split. After market hours of June 24, the stock closed at Rs 19.32 apiece on BSE, hitting a 5% lower circuit. The stock has a price-to-equity ratio of 44.93x, and a return on equity of 3.08%.
BSE has issued 'Trading Restricted - On account of GSM' on the stock.
The restriction in general terms means that buyers will not be able to buy this stock. As per Geojit's blog, as per the applicable Graded Surveillance Measure (GSM) surveillance measures, securities categorised as Stage II or higher require an Additional Surveillance Deposit (ASD) of a minimum of 100% of the trade value. This amount may remain blocked by the exchange for a minimum of 3 months, even after you sell it.
Laddu Gopal Online Services has GSM: Stage 4.
Laddu Gopal Online Services Stock Split:
On Tuesday, June 24, the stock turned ex-split for its 1:5 ratio. This is also the record date to determine the eligibility of shareholders of the Company for Sub-division (stock split) of every 1 (One) equity share of face value of Rs. 10.00/- each into 5 (Five) equity shares of Face Value of Re. 2/- each.
Why Companies Carry Stock Split?
When a company is concerned that its share price is pricey and wants to make the shares affordable, the corporate action it opts for is a Stock Split/Subdivision of shares. A stock split helps companies to appeal to new investors without any addition to the market cap. Let us see how a stock split works and how it impacts investors, as per the Angel One blog.
About Laddu Gopal Online Services Ltd:
Laddu Gopal Online Services Ltd Formerly ETT Ltd is engaged in the business of development and management of Software Technology Centers, Multimedia Houses, Information Technology Parks and other related activities. It provides intelligent and environment-friendly Office Complexes and IT/ITES Parks, as per PitchBook.
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