1st Ever 1:2 Stock Split Coming On May 16 Record Date: Should You Buy, Hold, Or Sell This Penny Stock Now?

Virat Leasing Limited was incorporated on the 27th day of July, 1984 in Kolkata. The NBFC company is listed on the Bombay Stock Exchange Limited (BSE). With a market valuation of Rs 98.94 Cr, Virat Leasing's shares were trading at a 2% upper circuit limit on Monday at Rs 76.22 a share. Following the Board of Directors' decision to set a record date for a 1:2 stock split on Saturday, the stock price saw a surge.

Virat Leasing Stock Split Record Date

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Friday, 16th May, 2025 as the 'Record Date' for the purpose of determining the eligibility of Shareholders for the purpose of sub-division /split of every one fully paid-up Equity Share having face value of Rs. 10/- (Rupees Ten Only) each in the Share Capital of the Company, into 2 (two) fully paid-up Equity Shares having face value of Rs. 5/- (Rupees Five Only) each, as approved by the shareholders at the Extra-Ordinary General Meeting (EGM) of the Company held on 25th April 2025," said Virat Leasing in a stock exchange filing.

Virat Leasing Financials

The firm reported net sales of Rs 0.21 crore in the quarter ended in December 2024, rising 31.41% from Rs 0.16 crore in the quarter ended in December 2023, according to MoneyControl. In Q3FY25, the firm recorded a net loss of Rs. 0.07 crore, rising 65.4% from Q3FY24's Rs. 0.20 crore. In the December 2024 quarter, EBITDA was negative at Rs. 0.06 crore, up 72.73% from Rs. 0.22 crore in the December 2023 quarter. Virat Leasing has not yet declared its Q4FY25 results.

Virat Leasing Share Price Target

"Virat Leasing stock price is slightly bearish on the Daily charts with strong resistance at 76.25. A Daily close below support of 71 could lead to a target of 64 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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