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Multibagger Stock Announces Record Date For Stock Split & Bonus Shares: Check Details

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Pro Fin Capital Services Ltd is a significant provider of financial sector solutions and services, including NSE/BSE trading, currency derivatives, commodities, and depository services. The company told the BSE on April 18, 2022 that it has set the 29th of April 2022 as the record date for the subdivision of equity shares in the ratio of 1:10 and two bonus shares for each existing share held by a shareholder.

 
Multibagger Stock Announces Record Date For Stock Split & Bonus Shares

For the purpose of stock split the Board of Directors has informed BSE that "Pursuant to Regulation 42 of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015 we would like to inform you that the Company has fixed Friday, 29 April, 2022 as the "Record Date", for the purpose of Sub-division of Equity Shares (all the Authorized, Issued, Subscribed and Paid-up Equity Shares of face value of Rs. 10/- (Rupees Ten Only) each shall stand sub-divided into 10 (Ten) Equity Shares of face value of Re. 1/- (One Rupee) each fully paid-up)."

Whereas for the purpose of bonus shares the Board of Directors has informed BSE that "Ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 2 (two) Equity Shares of Re. 1/- each for every 1 (One) existing Equity Share of Re. 1/- each, in accordance with the approval of shareholders in Extra-Ordinary General Meeting held on Monday, 18 April, 2022."

On the BSE, the shares of the company climbed from Rs 30.55 as of 26th April 2021 to the current market price of Rs 186.95 which represents a multibagger return of 511.95% in 1 year. On a year-to-date (YTD) basis the stock has generated a multibagger return of 418.59% to the shareholders so far. In the last 6 months, the stock has climbed from Rs 34 as of 25th October 2021 to the current market price which represents a multibagger return of 449.85% and in the last 1 month, the stock is up by 2.64%. The stock has gained 21.75 per cent in the previous five trading days. On Friday's closing session, the stock closed at Rs 186.95, up from Rs 178.05 the day before, a gain of Rs 8.90 (5.00 per cent). The stock reached a 52-week high of Rs 201.25 on March 24, 2022, and a 52-week low of Rs 26.05 on May 11, 2021, and is presently trading 7% near its 52-week high. Pro Fin Capital Services Ltd. is trading stronger than the 5 days, 20 day, 50 days, 100 day, and 200-day moving averages, with a current market price of Rs. 186.95 as of Apr 22, 15:53 according to Bloomberg Quint.

Read more about: stock split bonus shares
Story first published: Sunday, April 24, 2022, 11:13 [IST]
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