1:10 Stock Split Soon: Ashish Kacholia-Led Retail Stock Up 26% In 30 Days; Turns 50K To Rs 1,39,755 In 1 Year

Ace investor Ashish Kacholia-backed speciality retail stock with smallcap status, Aditya Vision is trending for its first-ever stock split announcement. Ahead of splitting, Aditya Vision's share price gained by over 26% in 30 days and emerged as a multi-bagger with gains of nearly 180% in a year. The stock has turned from Rs 50,000 to Rs 1.4 lakh in 12 months.

Aditya Vision which is currently trading above Rs 4,550 per share is set to split into ten smaller shares, becoming cheaper for both new and existing customers. This is likely to further improve liquidity for the stock.

Aditya Vision Share Price:

After market hours of July 5, Aditya Vision ended at Rs 4,553.30 apiece on BSE, gaining by Rs 55.40 or 1.23% with a market cap of Rs 5,858.41 crore.

The smallcap stock is a couple of rupees away from hitting its 52-week high of Rs 4,800 apiece, while has surged by 182% from its 52-week low of Rs 1,615.25 apiece.

In a month, the stock zoomed by 26% or Rs 940.95. In a year, the stock rallied by Rs 2,926 or 179.51% on the BSE. On July 5, 2023, the stock was around Rs 1,635.30 levels on the exchange.

If an investor had infused Rs 50,000 in Aditya Vision, then their gains would be around Rs 1,39,755 by now.

The 12-month bullish performance in Aditya Vision has fructified portfolios of ace investors like Ashish Kacholia.

As of March 31, 2024, Ashish Kacholia's shareholding in Aditya Vision stood at 2,39,506 equity shares or 1.87% stake.

Aditya Vision Stock Split:

The bull run in Aditya Vision comes after the company in a board meeting on July 3, 2024, recommended a stock split in the ratio of 1:10. This will be the first ever split by Aditya Vision.

As per the regulatory filing, the stock sub-division will be of 1 (one) Equity Share of the face value of Rs. 10/- (Rupees ten only) each, fully paid up into 10 (10) equity shares of the face value of Rs. 1 /- (Rupee one only) each, fully paid up, subject to the approval of the Members of the Company and
regulatory/statutory approvals as may be required.

Aditya Vision said that the record date for the subdivision of equity shares shall be decided by the Board and will be intimated to the stock exchanges after receipt of approval of the members.

The reason behind the stock split is to enhance the liquidity of the company's Shares and also make it more affordable for the participation of retail and small investors.

The stock split development is expected to be completed within 2 months from the date of receipt of approval from the members of the
Company.

About Aditya Vision:

Aditya Vision is a modern multi-brand consumer electronics retail chain Headquartered in Patna, Bihar. The journey started with just one retail store in Patna way back in 1999 and currently, in the 3rd decade of its journey the company has grown from strength to strength to what is now a chain of the most trusted consumer electronics retail stores with presence in all districts of Bihar and all the major cities of Jharkhand and Uttar Pradesh.