Big News! This Multibagger Stock Declares First-Ever 1:10 Stock Split After Soaring 1040% in 5Y

Mumbai based non-banking financial company (NBFC), Oasis Securities, has announced its first-ever stock split to improve share accessibility and liquidity. The company's board has approved the subdivision of each Rs 10 face value share into 10 equity shares of Re 1 each. This move aims to make the stock more affordable to a broader range of investors.

Stock Split Details:

Shares of Oasis securities will split into a 1:10 ratio, the company in an exchange flying announced the details, stating, "Subdivision/Split of each fully paid-up equity share having a face value of Rs.10/- (Rupees Ten Only) each be subdivided to a face value of Re.1/- (Rupee One Only)."

Ex-Date and Record Date for Stock Split

Oasis Securities has set February 28, 2025, as the record date for the stock split. Investors holding shares as of this date will be eligible to receive the split shares in their demat accounts. According to data from the Bombay Stock Exchange (BSE), Oasis Securities has not declared any dividends so far. Instead, the company has focused on capital appreciation and long-term value creation for shareholders.

Oasis Securities Share Price: 1041% Growth in 5 Years

Despite recent fluctuations, Oasis Securities has been a multibagger for long-term investors. Over the past five years, the stock has delivered an impressive 1041.88% return. However, short-term corrections have seen the stock decline by 13.97% in the past month and 27.88% year-to-date.

However, the stocks grew by 30% in the past six months. As of today Shares of Oasis Securities are trading at 274.05 down by 1.99% at the time of writing.

About Oasis Securities

Oasis Securities Limited, established in 1986, is a Mumbai-based non-banking financial company (NBFC) specializing in a range of financial services. The company offers mutual fund distribution, life insurance, and loan services, and is also involved in investment and IPO activities. Originally known as Abhishek India Limited, the company rebranded to Oasis Securities Limited in February 1995. As per the Screener, in its early years, Oasis Securities engaged in stock broking and financial services. The company later divested its NSE broking and depository businesses, ceasing its role as a depository participant of NSDL. As of February 20, 2025, Oasis Securities reported a market capitalization of Rs. 50.70 crore, with a return on investment of 6.85. The company maintains a debt-free status as per BSE data.